Lean hog futures are up 5 to 45 cents in the front months on Monday, while USDA’s national base hog price edged down 28 cents to $90.32. The CME Lean Hog Index continued higher, adding a penny to $91.44 on April 23. The move is modest and mainly reflects routine price and basis updates rather than a major shift in fundamentals.
Lean hog futures are up 5 to 45 cents in the front months on Monday, while USDA’s national base hog price edged down 28 cents to $90.32. The CME Lean Hog Index continued higher, adding a penny to $91.44 on April 23. The move is modest and mainly reflects routine price and basis updates rather than a major shift in fundamentals.
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