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Hogs Look to Close Out August Following Friday Gains
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesCommodity FuturesMarket Technicals & Flows
Lean hog futures rose $0.90 to $1.27 Friday, with October up $1.02 on the week, suggesting a modest momentum tailwind. Open interest increased by 2,289 contracts, while USDA’s national base hog price was $89.57, down $0.19 day-over-day. Overall, the report points to slightly constructive near-term positioning for lean hogs.
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