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Lean hog futures traded higher on June 26 ahead of the USDA Hogs & Pigs report, with the CME Lean Hog Index at $111.41. Pork stocks on May 31 were at a 21-year low for the month.
Tight pork stocks and firm cash index support hog prices, which supports demand for feed in the near term.
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.