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The Range of LH Prices Tight



Lean Hog trade volume was light Tuesday.  The range of prices was tight.  Lean Hogs rallied back to highs of a week ago last Tuesday closing on the 200 day moving average.  Pork prices were up 33 cents on morning sales and the 5 day average at 100.54 gained 1.14. Pork and beef prices seem to be moving in unison and with pork a much cheaper price than beef, its normal for pork to stay competitively priced.



Gains in boxed beef have been significant Monday and Tuesday.  If it is push for the last minute buyer for Memorial Day, beef will need to be in stores no later than Thursday, May 23rd.  Travel for Memorial Day is expected to the highest in over 20 years. Americans are going to celebrate the long weekend.

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