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Hogs Falling Back on Tuesday

CME
Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & FlowsInvestor Sentiment & Positioning

Lean hog futures were trading down about $0.05 to $1.00 intraday on Tuesday. USDA reported the national base hog price at $90.37 and the CME Lean Hog Index dropped $0.42 to $90.76 on March 27. The article references USDA's Tuesday AM pork carcass cutout value but does not provide the figure; monitor carcass cutout and cash market activity for further price direction.

Analysis

Lean hog futures were trading down about $0.05 to $1.00 intraday on Tuesday. USDA reported the national base hog price at $90.37 and the CME Lean Hog Index dropped $0.42 to $90.76 on March 27. The article references USDA's Tuesday AM pork carcass cutout value but does not provide the figure; monitor carcass cutout and cash market activity for further price direction.

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