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Lean hog futures ended the day mixed, but posted sharp losses for the week. April lean hog futures have dropped below the November low to suggest the contract has posted a near-term high. Followthrough pressure early next week would open more near-term downside risk for lean hog futures, especially if the cash hog market continues to soften. February lean hog futures are now trading in line with the cash market, as traders took the cash premium out this week due to slackened packer demand.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.