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April lean hog futures fell 30 cents to $95.15 on January 30, closing the week down $1.025. The CME lean hog index rose 50 cents to $85.72 and pork cutout gained $2.67 to $96.10, led by bellies.
Firm cash hog and pork cutout values support hog prices, while pork export sales to China add demand. Lean hogs are likely to stay elevated, with feed buyers supported by pork substitution demand.
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.