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Lean hogs finished the week of Oct 27 at 81.275, down 0.8% week over week and 8.4% over the past month. The price hit a low of 80.775 on Oct 29, and weekly trading volume was 112,011 contracts.
A month-long decline in lean hog futures signals lower returns for hog producers, which can reduce their feed purchasing.
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.