Loading…
CME lean hog futures ended higher on demand optimism, with June lean hogs closing $2.45 higher at 107.95. Live cattle were mostly lower while feeder cattle rose, and cash hog prices also closed higher.
Stronger hog futures on improving demand expectations point to firmer pork prices and better producer margins, which can support hog production and feed demand.
brownfieldagnews.comMeghan GrebnerApr 23, 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.
