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June lean hogs fell $0.575 to $102.625 on April 22 in a corrective pullback, limited by weakness in cattle futures, which hit three-week lows. Pork cutout fell $0.26 to $99.08 led by butts and picnics.
Lower cattle and cutout values weigh on hog and cattle sentiment, though the cash market remains near $91 and feed demand is little changed.
Not enough comparable past events yet for a historical read.
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.