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Market Impact: 0.22
Hogs Posting Tuesday Gains
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Lean hog futures rose $1.15 to $1.30 per contract at midday despite softer underlying cash indicators. USDA’s national base hog price fell $0.55 day over day to $79.92, while the CME Lean Hog Index declined another $0.60 to $83.42 on September 18. The divergence indicates short-term futures strength amid weakening spot-market pricing.
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