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February lean hog futures fell to a 10-week low, with a downtrend on the daily chart. The CME lean hog index dropped 8 cents to $84.27 as of Dec.
30, and pork cutout fell $4.02 to $90.30 with losses in most cuts. Pork exports to Colombia were on a record pace in 2024.
Seasonal selling pressure and weak cutout values point to lower cash hog prices in the near term. Strong export demand from Colombia offers limited support.
thepigsite.comSarah MikesellJan 2, 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.
