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June lean hog futures fell sharply in the prior week but stabilized this week, with the CME Lean Hog Index rising to 91.36 as of April 16. US pork export sales were a marketing-year low, while China produced 15.83 million tonnes of pork in Q1, down 0.4%.
Seasonal pork price strength and slowing Chinese pork output support hog prices into summer, although weaker export sales and a volatile futures market add uncertainty.
thepigsite.comSarah MikesellApr 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.
