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Austin Schroeder at Barchart.com said, “Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower. Open interest was 2,640 contracts. USDA’s national base hog price was reported at $97.52 on Wednesday afternoon, up 4 cents from the day prior. The CME Lean Hog Index was up 13 cents on June 8 at $92.76.”
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“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…
“The hog market’s struggles continued today and prices have fell to a new low for the move. Both July and August are within shouting distance …
“Yesterday’s daily trading volume was once again well above average,” the Hightower Report said. “Open interest dropped more than 7,200 contra…
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