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Lean hog futures were mixed midweek, with contracts moving 35 to 50 cents lower. USDA's national base hog price fell $2.32 to $37.52 on Wednesday, and the CME Lean Hog Index stood at $59.99 on November 6.
Weak cash hog prices and a slaughter pace above last year's level point to ample pork supply, which keeps pressure on hog-related feed demand and sentiment.
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.