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Slumping lean hog futures worked lower for several sessions, while cash prices moved mostly sideways. The base carcass price fell 19 cents to $89.30/cwt the prior week.
Production rose in Mexico, China and Brazil, competing with U.S. exports.
Rising competing pork supply from other exporters limits U.S. export upside and keeps hog prices under pressure.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.