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Latin America
Hogs Closed Lower
Lean hog futures sank into the close to finish $1.25 to $1.65 lower. The low-range close will give bears momentum tomorrow morning. Yesterday's sharp drop in pork cutout values weighed on lean hog futures today as it raises concerns about pork demand and packers' profit margins. Packers responded to deep-in-the-red margins by trimming cash bids and daily kill requirements.
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*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.
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