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Lean hog futures rallied on June 29 ahead of the USDA Hogs and Pigs report, with the national hog base up $1.57. Cash hog sales were lower in the South and North, while cattle futures and corn finished modestly higher.
Firm hog futures support producer margins and feed demand, though cash weakness signals some pressure on near-term prices.
dtnpf.comJun 29, 2017Not 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.
