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Market Impact: 0.2
Hogs Look to Wednesday Trade Following Tuesday Weakness
Source: Nasdaq
Commodities & Raw MaterialsCommodity Futures
Lean hog futures settled Tuesday down 42 cents at $1.25 per contract, with open interest rising by 4,291 contracts. Meanwhile, USDA’s national base hog price was $91.02 (+$1.62 on the day), but the CME Lean Hog Index was also down another 40 cents on August, signaling mixed near-term demand/cost conditions.
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