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Lean hog futures rose 30 cents to $2.40 across the board on Friday, with December up $1.92 on the week. USDA's national base hog price was $43.10, up $3.46 from the prior day, and the CME Lean Hog Index stood at $58.78.
Firmer hog futures and cash prices support pork producer margins and feed demand for corn and meal. Weekly export sales were steady, and slaughter was below last week, which supports near-term 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.