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Austin Schroeder at Barchart.com said, “Lean hog futures closed the Wednesday session with contracts down 62 cents to $1.42 lower across the board. Open interest was up 1,522 contracts on Wednesday, suggesting new selling. USDA’s national base hog price was up $1.76 from the day prior in the Wednesday PM report at $67.70. The CME Lean Hog Index was down another 38 cents on October 19 at $73.02.”
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Austin Schroeder at Barchart.com said, “Lean hog futures found some strength to close the week, with contracts up 27 cents to $1.25 on Friday.…
In weighted average negotiated prices for barrows and gilts, the USDA reported:
“If the market is able to continue the rally today, it could be a sign the bearish fundamental situation is priced in,” the Hightower Report s…
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