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April lean hogs closed up $2.15 for the week, the highest weekly close yet, after peaking at $107.70 and then falling back on the final two days. Pork carcass value rose $12.55 to $109.96, and live cattle April futures ended the week at $146.17 after a high of $148.70.
Lower US hog numbers and firm retail demand are supporting hog prices, though the failed test of resistance signals a possible pause, which affects feed demand outlook.
dtnpf.comTodd HultmanFeb 14, 2022Not enough comparable past events yet for a historical read.
Not 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.
