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Lean hog futures hit a one-year high on June 21 as USDA showed wholesale pork prices up $2.24 to $101.09 per cwt, the highest since October 2014. Pork bellies also surged to their highest since April 2014.
Strong pork cutout values and demand support hog prices and encourage producers to keep herds, supporting feed grain demand.
grainews.caMichael Hirtzer, GFM Network NewsJun 21, 2017Not 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.
