Hogs Show Wednesday Weakness, with Cash and Cutout Losses
Lean hog futures saw losses of $1.20 to $1.90 across most contracts on Wednesday. Preliminary open interest suggested another round of long liquidation, down 2,760 contracts. USDA’s national base hog price from the Wednesday afternoon report was down $1.82 from the day prior at $100.43. The CME Lean Hog Index...
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