“Lean hog futures posted gains of 15 cents to $1.20 in most nearbys on Wednesday with some deferreds steady to a quarter lower. The national average base hog price was reported at $77.25 on Wednesday afternoon, down $1.09 from the day prior,” Barchart.com said “The CME Lean Hog Index was $85.56 on September 9, down 18 cents from the day prior.” Hightower Report said, “Fundamental headwinds remain in place with strong pork production and heavy wights; however, the bullish technical picture seems to be driving prices currently.”
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