CME update: lean hog futures get boost from cash markets

US hog futures rose to their highest in more than a year on 6 October, rallying to keep pace with gains in the cash market.
calendar icon 7 October 2020
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Chicago Mercantile Exchange October lean hogs gained 1.575 cents to close at 76.325 cents per pound. Most-active December hogs were up 1.225 cents, settling at 63.875 cents.

On a continuous basis, the front-month contract's peak of $76.375 was its highest since 14 August 2019.

The US pork cut-out, an indication of wholesale pork prices dropped to $92.55 cents per cwt. It hit its highest in more than four months last week.

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