CME update: lean hog futures firm after two days of losses

US lean hog futures rose on 29 December on short covering and technical buying, missing some pressure from the surrounding market.
calendar icon 30 December 2020
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The pork carcass cut-out value edged up 51 cents on Tuesday to $72.36 per cwt, according to the US Department of Agriculture.

CME February lean hogs ended 0.700 cent higher at 67.200 cents per pound after holding technical chart support at its 20-, 50- and 100-day moving averages.

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