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The lean hog market is waiting to see if exports can pick up, The Hightower Report said. “Futures have already priced in a sharper than normal decline in cash values into the fall,” they said.

“With Mexico and Canada importers still waiting for an agreement with the U.S. on trade and China still holding a stiff tariff on U.S. pork, the market is pricing in a weak export environment,” The Hightower Report said.

This article originally ran on agupdate.com.

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