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Lean hogs rose after recent contract lows, but demand remains weak. Weekly US pork export sales rose 24% from the prior four-week average, though abundant supplies and seasonal weakness persist.
Improving export demand and cheaper pork relative to beef could support hog prices, but heavy supplies cap the recovery and keep pressure on hog-related feed demand.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% over 20.
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.