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Lean hog futures traded around 58.80–59.50 cents per pound amid heavy seasonal hog movements and weaker wholesale pork prices. Pork belly, ham and lean-trimming values were down year over year, while high cold-storage inventories and heavy slaughter numbers limited market upside.
Seasonally heavy slaughter and ample stored pork add to near-term supply while weaker wholesale values restrain packer bids, putting downward pressure on hog prices.
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.