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Austin Schroeder at Barchart.com said, “Lean hog futures were down 35 to 57 cents in the front months on Wednesday, with other contracts up 40 cents to $1.10. Open interest was down 662 contracts on Wednesday, suggesting a rotation of ownership. USDA’s national base hog price was reported at $92.27 on Wednesday afternoon, down 38 cents from the day prior. The CME Lean Hog Index was back up 14 cents on April 20 at $90.51.”
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