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April lean hog futures rose to a near two-month high on Wednesday, and the chart shows a renewed uptrend. The CME lean hog index gained 48 cents to $82.59 as of Jan.
28, its biggest daily gain in three weeks. Pork cutout values also climbed to a near one-month high.
Record cattle prices are pushing buyers toward cheaper pork, supporting hog futures and the cash hog market. Stronger cutout values could lift cash hog prices further.
thepigsite.comJames PowellJan 31, 2025Not 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.
