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August lean hog futures fell 45 cents to $107.05 while nearby June futures rose 87.5 cents. Pork cutout climbed to $107.49 at midsession, and the CME lean hog index continued rising.
Cash fundamentals were described as supportive.
Rising cash hog prices and cutout values support hog producer margins, which tends to support demand for feed and hog-related feed ingredients.
Not 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.