Loading…

June lean hog futures have traded sideways and choppy for the past month, while the CME lean hog index rose to $93.05 as of May 23. Pork cutout firmed to $103.73, with primal bellies at their highest since last November.
USDA also sent $14.5 million to state meat and poultry inspection programs.
Improving cash hog and pork fundamentals provide a price floor for hogs, supporting producer feed demand. Near-term trading is expected to follow cattle futures rather than trend strongly.
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.