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Austin Schroeder at Barchart.com said, “Lean hog futures posted a Wednesday rally, with contracts up 55 cents to $2.92 led by the front months. Soon to expire May (on Thursday) was down a tick. Open interest was up 2,460 contracts on Wednesday, implying new buying interest. USDA’s national base hog price was reported at $95.51 on Wednesday morning, up 32 cents from the day prior. The CME Lean Hog Index was back up 7 cents on May 11 at $90.48.”
