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Market Impact: 0.18
Hogs Face Friday Pressure as Cash and Cutout Weaken
Source: Nasdaq
Commodity FuturesFutures & OptionsCommodities & Raw Materials
Lean hog futures declined by 72 cents to around $1.62 across most Friday contracts, while the October contract was down 77 cents for the week. USDA's national base hog price fell $1.48 day-over-day to $85.38, and the CME Lean Hog Index declined another 57 cents, signaling continued near-term weakness in hog pricing.
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