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Market Impact: 0.2
Hogs Fading Back on Wednesday
Source: Nasdaq
Commodity FuturesCommodities & Raw Materials
USDA's national base hog price fell $0.55 day over day to $77.46, while the CME Lean Hog Index declined another $0.27 to $80.94 on September 28. The lower cash and index benchmarks indicate modest near-term pressure in the lean hog market, although the excerpt does not provide the full pork cutout data.
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