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Market Impact: 0.18
Hogs Get a Bounce to Start the Week
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Lean hog futures closed up $0.05 at $1.25, despite weaker underlying cash indicators. USDA's national base hog price fell $1.41 day over day to $80.35, while the CME Lean Hog Index declined another $1 to $84.02 on September 14. The divergent futures and cash-price moves suggest a modestly mixed near-term outlook for hog markets.
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