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Hogs Rally to Close Out August
Source: Nasdaq
Commodity FuturesEnergy Markets & PricesCommodities & Raw MaterialsFutures & Options
Lean hog futures ended August trading higher, up 95 cents to $1.85 at midday. Despite the rally, the USDA national base hog price was $88.73, down 84 cents from the prior day, and the CME Lean Hog Index fell another 62 cents. Net: short-term futures strength contrasts with weaker underlying cash/benchmark pricing.
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