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“Follow through strength on Thursday left front month hog futures another 35 to 92 cents stronger on the day. April leapt 50 cents at the open seeing the FAS data. Futures faded 60-70 cents from their highs for the close. USDA’s National Average Base Hog price weakened 87 cents to $67.34 in the PM report. The CME Lean Hog Index for 2/13 was $74.60, another 49 cents stronger,” according to Alan Brugler with Barchart.
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In weighted average negotiated prices for barrows and gilts, USDA reported;
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