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Lean-hog futures for August fell 2.825 cents (3.9%) to 68.85 cents per pound on the CME, the lowest since April 14. Most-active October futures dropped 1.85 cents to 59.20 cents.
Routine futures price move with no clearly identified new cause in the text; lower hog futures signal weaker expected cash hog and pork values for feed buyers.
wsj.comKelsey GeeJul 28, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
August futures fell 3.9% to the lowest since April, extending the decline as wholesale pork weakened.
