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Market Impact: 0.28
Hogs Continue Firmer Action on Wednesday
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows
Lean hog futures are extending the rebound on Wednesday midday, with contracts up 22 to 50 cents. USDA’s national base hog price rose to $90.39, up 75 cents from the prior day, indicating firmer cash-market pricing even as the CME Lean Hog Index fell another 28 cents (Aug. 31). Overall, the move is modestly bullish for near-term hog pricing.
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