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CME lean hog futures fell on July 26 after packers paid less for cash hogs as wholesale pork eased. Thursday slaughter was 367,000 head, 80,000 fewer than a week earlier.
Fund liquidation pushed prices below technical support.
Lower packer bids and weaker pork cutouts reduce hog margins and feed demand, pointing to softer hog prices into August and October.
grainews.caReuters, GFM Network NewsJul 26, 2018Not 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.
