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Austin Schroeder at Barchart.com said, “Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the previous day. The CME Lean Hog Index was down 16 cents on June 11 at $91.93. The market will round out the week today, with Friday off in observance of Juneteenth.”
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“July tested Monday’s 7-month low on ongoing technical weakness and fund selling,” the Hightower Report said. “The daily chart has yet to show…
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