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Austin Schroeder at Barchart.com said, “Lean hog futures posted losses of 37 to 60 cent losses in most contracts on Friday, as April was an exception, up a nickel. June was down 75 cents on the week. Open interest was up 1,757 contracts on Friday, suggesting marginal new selling. USDA’s national base hog price was reported at $89.36 on Friday afternoon, down 56 cents from the day prior. The CME Lean Hog Index was back down a penny on April 8 at $90.29.”
