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Lean hog futures kept falling under heavy selling, with June contracts hitting a four-month low. The CME lean hog index dropped 47 cents to $90.79 as of May 28, its seventh straight daily decline.
A federal judge also denied Agri Stats' bid to dismiss a DOJ price-fixing lawsuit.
Weak cash hog prices and bearish technicals point to lower hog values into summer, while the DOJ case adds regulatory uncertainty for meat packers and data firms.
thepigsite.comJames PowellMay 31, 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.
