Hogs Close Limit Up

If the midday pork report is to be believed, another new high for wholesale pork was made today. This would bolster the view that cash hogs likely have one more move high before it is all said and done. The July hog contract closed up the 3.00 daily limit. All contracts will see expanded 4.50 limits on Monday. Weekly hog runs posted their lowest number of the year. Weekly cattle runs saw their largest of the year.

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