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Austin Schroeder at Barchart.com said, “Lean hog futures continues to face weakness on Wednesday with contracts down $1.05 to $1.87 at the close. Open interest was up 373 contracts on Wednesday. USDA’s national base hog price was reported at $42.49 in the Wednesday afternoon report, down $2.90 from the day prior. The CME Lean Hog Index was down another 76 cents on November 2 at $64.99.”
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In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures posted losses of 25 cents to $1.57 on Friday, as December fell $5.35 on the week. Ope…
In weighted average negotiated prices for barrows and gilts, the USDA reported:
“CFTC data confirms managed money increased their net short position to a new record high but that in and of itself is not a friendly factor u…
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