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Cash hog prices have traded sideways for about a week after a sharp February rally. The Iowa-Minnesota negotiated base price was $67.54 per hundredweight, and the net index was about $71.95.
Stable cash hog prices near seasonal norms indicate balanced supply and demand, with no clear new price driver.
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.