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Market Impact: 0.18
Hogs Look to Thursday Trade
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Lean hog futures declined 7 to 65 cents across contracts on Wednesday, while open interest fell by 942 contracts. USDA's national base hog price dropped $1.02 day over day to $77.72, reinforcing near-term weakness in the hog market. The move is commodity-specific and indicates softer pricing and reduced trader participation.
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