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February lean hog futures rebounded the previous week, and a daily downtrend on the bar chart was negated. The CME lean hog index rose 11 cents to $81.10 as of Jan.
14, its third straight daily gain. Retail pork demand has stayed strong as beef prices rose.
Stronger cash prices and steady retail demand suggest near-term support for hog prices. Rising beef prices are shifting some consumer spending toward pork.
thepigsite.comZachary MintusJan 17, 2025Not 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.
