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Financial livestock product
Lean Hog is a type of hog (pork) futures contract that can be used to hedge and to speculate on pork prices in the US.
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Animals kept to produce material goods
Livestock are the domesticated animals that are raised in an agricultural setting mainly to provide labor and produce diversified animal products for human consumption such as meat, eggs, milk, fur, leather, and wool. The term is sometimes used to refer solely to animals which are raised for consumption, and sometimes used to refer solely to farmed ruminants, such as cattle, sheep, and goats.
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