Weekly pig report: Lean hog futures bulls come back to life

Lean hog futures see some profit taking, consolidation. October lean hog futures on Wednesday rose $0.125 to $83.775 and hit a four-week high early on. The lean hog futures market saw some mild profit-taking early on and then chart consolidation later in the session, after recent good gains that suggest the futures market has bottomed out. The cash hog market continues to trend down, overall. The latest CME lean hog index down 28 cents to $90.58. Today’s projected CME index price is up 27