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February lean hog futures converged with the CME Lean Hog Index, and April hogs fell to their 100-day moving average. Cash buying was light because producers held hogs during extreme cold.
Packers are also worried about possible deportations of immigrant workers.
Light cash trade and reduced hog marketings in cold weather can tighten near-term supply, but labor concerns in packing plants could affect processing capacity.
archerfinancials.comChris LehnerJan 22, 2025Not enough comparable past events yet for a historical read.
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.
