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February lean hog futures were trending lower on the daily chart in mid-December 2024, though the CME lean hog index rose to $84.16 on December 17, its fourth gain in six days. Weekly US pork export sales were mixed, with declines in net sales compared with the prior week.
A firming cash hog index suggests a possible seasonal bottom that could limit downside, though weak futures and uneven exports leave near-term direction unclear for hog feed demand.
thepigsite.comZachary MintusDec 20, 2024Not 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.
