CME hog futures extend rally, cattle snap winning streak

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CHICAGO, Oct 25 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders.

Fund buying developed after December and February futures opened above their respective 20-day moving averages of 42.51 and 49.69 cents per pound.

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