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Market Impact: 0.28
Hogs Post Strength on Wednesday
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices
Lean hog futures gained 20 to 67 cents across most contracts, but underlying cash indicators weakened: USDA’s national base hog price fell to $90.75 (down 27 cents) and the CME Lean Hog Index dropped another 21 cents to $92.65 on Aug. 24. The mixed setup suggests near-term support in futures despite softer spot/benchmark pricing.
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