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Austin Schroeder at Barchart.com said, “Lean hog futures closed the Wednesday trade with contracts up 65 cents to $2 in the nearbys and back months 35 cents lower to 25 cents higher. Open interest was down 7,303 contracts, suggesting some shorts were leaving. USDA’s national base hog price was reported at $94.64 on Wednesday afternoon. The CME Lean Hog Index was down 18 cents on May 22 at $90.70.”
