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The July hog contract ended Tuesday $3 higher to print the highest close for the contract since March 16. The other front months were also up by $1 to $2.52. USDA’s National Average Base Hog price was back up by 73 cents on Tuesday afternoon to $95.56. The CME Lean Hog Index for June 15 was $87.64, up by 77 cents, according to Total Farm Marketing.
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“A late-session rally in the cattle complex pushed prices up near the highs of the day at yesterday’s close,” the Hightower Report said. “In a…
The Hightower Report said, “The cattle market pulled back from early session strength but finished marginally higher despite a heavy selloff i…
“Choppy and volatile action in the hog market continued with July rallying sharply this morning and taking out Friday’s high, only to drop sha…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
“The cattle market traded both sides of unchanged but ended the session on a strong note and near the highs of the day,” The Hightower Report …
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