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Lean hog futures on the CME fell as cash hog prices weakened and wholesale pork values softened with seasonal supply build-up. October hogs ended 1.45 cents lower at 61.625 cents per pound, while live cattle gained on short covering after a bullish Cattle on Feed report.
Rising seasonal hog supplies and packer plant shutdowns for Labor Day point to continued pressure on hog prices, which weighs on feed demand from hog producers.
country-guide.caTheopolis WatersAug 29, 2017Not enough comparable past events yet for a historical read.
Not 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.
