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CME update: lean hog futures end mixed as traders weigh consumer demand against feed costs

US lean hog futures were mixed on 27 April, with the most-active contract climbing higher as pork demand remains strong.

28 April 2021, at 7:35am

Reuters reports that feed costs put pressure on CME hog futures. Chicago Board of Trade corn futures have been volatile recently, and climbed to a new eight-year high on 27 April.

CME most-active June lean hogs eased 0.175 cents to 106.675 cents per pound.

The CME's lean hog index, a two-day weighted average of cash prices, climbed to $107.17 per cwt, its highest since October 2014.

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