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CME update: futures market remains mixed

CME lean hog futures ended mixed on 2 November while pork cut-out prices rose.

3 November 2020, at 9:23am

Reuters reports that the most-active December lean hogs contract settled up 0.375 cent at 65.950 cents per pound but back months finished modestly lower.

The US pork cut-out, an indication of wholesale pork prices, rose by 34 cents to $84.14 cents per cwt, according to the US Department of Agriculture. Prices fell sharply for pork bellies but rose for hams and ribs.

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