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Lean hog futures rebounded sharply, erasing most of the prior two weeks' losses. The CME lean hog index rose 41 cents to $74.11 as of Feb.
12, with wholesale pork prices near $90 per cwt.
A firmer hog index signals stronger near-term pork pricing, supporting hog feeding margins and feed demand.
thepigsite.comSarah MikesellFeb 18, 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.
