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Market Overview

Lean Hog Futures Little Higher

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February lean hogs are trading at 66.47, up 0.62 cents/lb. April lean hogs are trading at 67.65, up 0.45 cents/lb. June lean hogs are trading at 76.27, up 0.29 cents/lb

Lean hog futures are trading very choppy after Thursday's plunge nearly down the limit. Thursday's USDA hog slaughter was 436,000 head, the total slaughter for the week is now 1,729,000 head versus 1,738,000 a year ago.
U.S. pork production for the week ending January 14th was 507.9 million pounds, down less than 1 percent from a year ago.

Chatter about trade relations with Mexico is starting is ongoing.

Trading is expected to be very choppy.

 

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Posted-In: lean hog futuresFutures Commodities Markets

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