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December lean hog futures hit a nearly three-month high this week. The CME lean hog index fell 16 cents to $84.05 as of September 24, and pork cutout stalled.
Traders were awaiting the USDA Hogs & Pigs report.
Futures are being supported by the trend, but a softer cash index and stalled cutout may limit further futures gains.
thepigsite.comZachary MintusSep 27, 2024Not 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.
