Cash Hogs Come to Life, Soybeans Struggle May 16, 2023
June and July futures were able to fill an intra-day upside chart gap today. August has a little bit left to go. Cash hogs have been showing better gains recently as US hog offerings slow. Cash hogs have now posted six days of straight gains. Friday's trade was +0.72 and Monday's was +0.69. The two-day Lean Hog Index increases to 77.17. That is +5.99 from the 4/21 year's low.
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