Limit up hogs on Friday’s report

The lean hog futures market shot out of the gate and didn't look back. Strong gains were made today with limit up closes for both the December and February contracts. USDA's Hogs & Pigs report on Friday shocked the trade by suggesting US hog supplies were at the their lowest in three years. The normal 4.75 daily price limit will now expand to 7.00/cwt.

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