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Market Impact: 0.18
Hogs Rally Back on Tuesday
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Lean hog futures rose 32 cents to $1.20 across contracts on Tuesday, despite softer underlying cash indicators. USDA's national base hog price fell $0.45 day over day to $79.90, while the CME Lean Hog Index declined $0.60 to $83.42 on September 18. The divergence indicates modest futures support amid weakening spot-price benchmarks.
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