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Weekly hog market commentary notes June lean hog futures trading sideways, with fresh pork cutout falling below its recent range to $93.70. The CME hog index rose 15 cents to $88.80, and US pork export sales hit a marketing-year high of 53,000 MT.
Strong export sales and expected seasonal slaughter lows support hog prices into early summer, which can affect feed demand for corn and soybean meal from hog producers.
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.