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December lean hog futures fell, giving back early gains as buying interest remained limited. The CME lean hog index and projected index declined, and the USDA midday pork cutout value also fell, led by losses in loins.
Falling cash hog and pork values are weighing on demand for hog futures, pointing to continued pressure on hog prices. The report gives no new indication of feed supply or feed 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.