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Austin Schroeder at Barchart.com said, “Lean hog futures were under pressure on Thursday, with contracts down 60 cents to $2.15. Open interest suggested a rotation of ownership, down just 47 contracts. USDA’s national base hog price was reported at $93.58 on Thursday afternoon, down 18 cents from the day prior due to thin trade. The CME Lean Hog Index was up 45 cents on May 19 at $91.00.”
