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Lean hog futures surged on Wednesday, with the April contract up $1.80 and the CME lean hog index rising to its highest level since early January. Wholesale pork demand rebounded and hog slaughter fell.
Lower hog slaughter and firmer pork demand tighten supply and support higher lean hog prices, though analysts see volatility ahead.
profarmer.comPro Farmer EditorsFeb 5, 2025Not 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.
