CME update: lean hog futures bolstered by export optimism

US lean hog futures climbed on 22 September as traders felt optimistic about China’s continued purchases of US grains.
calendar icon 23 September 2020
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"As long as you’re seeing China hanging around and popping up daily, the thinking is, it’s only a matter of time before they pick up more of the pork purchases," said Dax Wedemeyer, analyst at US Commodities.

CME October lean hog futures settled 2.725 cents higher to end at 68.325 cents per pound and most-active December hogs ended up 2.550 cents at 64.100 cents a pound.

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