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Lean hog futures traded $1 to $2.17 lower at midday on May 29. The USDA national base hog price was $92.82, down $1.65, and the CME Lean Hog Index was $90.92.
Weekly pork export shipments hit a calendar-year low.
Lower futures and a weak export pace point to softer hog values into the summer months, which lowers feed-buyer demand signals for hog producers.
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.