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Pro Farmer reports February lean hog futures rose 42.5 cents to $82.275 and posted a weekly gain. The commentary cites a steady cash market, holiday ham demand, and more African swine fever cases in Spain that could help US pork exports.
The CME lean hog index rose to $81.83.
Stabilizing cash prices and possible export gains from Spanish disease restrictions support hog prices. The seasonal downtrend that the headline describes is weakening but has not clearly reversed.
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.