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October lean hog futures hit a seven-week high on Wednesday and remained in an uptrend on the daily bar chart. The CME lean hog index was $86.58 as of Sept.
18, and the preliminary quote for Sept. 19 was $86.67.
Futures trading near the cash index signals bullish short-term sentiment that supports hog prices and demand for feed used in hog production.
thepigsite.comSarah MikesellSep 23, 2023Not 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.
