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August lean hog futures hit a six-week high and trended higher, with the CME lean hog index up 69 cents to $90.77 as of July 23. The pork cutout firmed to $104.76, its highest since August 2023, and US pork export sales were mixed by destination.
A firming cash hog index and cutout support near-term hog prices, though analysts expect fall weakness as seasonal pork production rises.
thepigsite.comJames PowellJul 25, 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.
