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April lean hog futures were near a 13-month low with bearish technical control. The CME lean hog index rose 24 cents to $73.75 as of Feb 7, its fifth straight daily gain.
Analysts saw early signs of a seasonal cash bottom.
Futures remain under pressure despite firming cash prices, so feed buyers face weak hog-related demand signals in the near term, with seasonal support possibly building later.
thepigsite.comSarah MikesellFeb 10, 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.
