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US lean hog futures fell for a fifth straight session on Nov 19, with the February contract settling at 69.625 cents/lb after touching 68 cents, its lowest since Sept. 11.
The pork cutout dropped $4.47/cwt after the close, led by hams and bellies.
Ample US hog supplies and uncertainty over Chinese demand for US pork are pressuring hog prices lower, weakening feed demand sentiment for hog producers.
reuters.comJulie IngwersenNov 19, 2019Not 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.
