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Market Impact: 0.25
Hogs Look to Tuesday Following Monday Rally
Source: Nasdaq
Commodities & Raw MaterialsFutures & OptionsCommodity FuturesMarket Technicals & Flows
Lean hog futures rallied into the close of August trade, up 95 cents to $1.85 at midday, alongside a 573-contract increase in open interest. USDA’s national base hog price was $88.73 on Monday afternoon, down 84 cents from the prior day. Overall, the tape looks bid in futures, but spot pricing remains weaker.
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