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February lean hogs closed down 67 cents after setting contract highs earlier in the week, while April hogs gained slightly. The USDA national base hog price was $76 flat and the CME Lean Hog Index was $78.60.
Pork cutout futures were mixed.
Mixed hog futures and a softer cutout signal limited near-term upside for lean hog prices despite strong contract levels.
barchart.comAlan BruglerDec 28, 2022Not 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.
