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February lean hogs closed Friday's session 7 cents higher on the week, while April rose 97 cents. USDA's national base hog price was $83.56 and pork cutout was $95.75.
Pork stocks on December 31 were 390.55 million pounds, the lowest December since 1997, and managed money increased its net long.
Tight pork stocks and rising speculative length support nearby hog prices. Strong cutout values reinforce producer-side demand for feed.
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.