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Lean hog futures rose $1 to $1.97 in nearby contracts on Friday. The USDA national base hog price was $42.26, down 8 cents, and the CME Lean Hog Index was $58.78 on November 11.
Pork export sales for the week of November 5 were 39,485 MT.
Routine price moves with pork cutout up $3.17 support futures, while a large weekly slaughter total limits upside. The price direction for hog producers remains tied to supply and cutout values.
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.