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“The technical picture remains weak, but prices are reaching oversold levels,” the Hightower Report said. “CME Lean Hog Index as of March 19 was 91.95, down 0.09 for the day and up 0.35 versus a week ago. The USDA estimated hog slaughter came in a 492,000 head Monday. This was up from 393,000 last week and up from 471,015 a year ago.”
