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CME Lean Hogs Rise on Technical Bump
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Overview
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CME lean hogs rise due to a technical bump and a larger-than-expected US hog herd, while cattle futures remain mixed. The USDA reports a higher-than-expected domestic hog herd and an increase in market hogs, impacting the market.
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How might the larger-than-expected US hog herd impact the pork market and related industries?
What are the potential economic implications of the increased cattle on feed for Dec. 1?
What factors could influence the future direction of CME lean hogs in the market?
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