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CME lean hog futures fell to two-month lows on December 30, 2024, with February contracts settling down 2.525 cents at 81.625 cents per pound. Cattle futures also weakened on post-holiday demand concerns, and analysts cited uncertainty over China's pork demand and possible US tariffs on Chinese goods.
Softer hog and cattle futures signal weaker expected domestic and export demand for meat, which tends to reduce the value of feed grains used in livestock rations. Uncertainty over China and tariffs adds downside risk to feed demand.
agcanada.comAGCanadaDec 30, 2024Not enough comparable past events yet for a historical read.
Not 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.
