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Austin Schroeder

Hogs Close Mixed on Wednesday

Lean hog futures saw mixed trade on Wednesday, with contracts up 17 cents to 40 cents lower. USDA’s national base hog price was reported at $91.65 on Wednesday afternoon, down 97 cents from the day prior. The CME Lean Hog Index was down another 7 cents on March 23 at $91.71.

Pork stocks on Thursday were reported at 403.503 million lbs at the end of February, the lowest for the months since 1997.

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