Lean hog futures posted intraday gains of $0.25 to $2.50. The CME Lean Hog Index fell $0.16 to $90.01 on April 2 and USDA’s national base hog price was not reported due to light trade. Managed money cut 7,275 contracts, signaling notable position liquidation and near-term volatility in the hog futures complex.
Lean hog futures posted intraday gains of $0.25 to $2.50. The CME Lean Hog Index fell $0.16 to $90.01 on April 2 and USDA’s national base hog price was not reported due to light trade. Managed money cut 7,275 contracts, signaling notable position liquidation and near-term volatility in the hog futures complex.
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