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June, July, August, October 2024 and February 2025 lean hogs made contract highs, with the CME Lean Hog Index at 85.88. Packer margins stayed strong, with the gap between the lean hog index and pork index above $10.
Beef prices were falling as contracts signed at lower prices and cheaper imported beef weighed on the market.
Strong packer margins and hog contract highs support hog prices, while falling beef prices weigh on cattle values and reflect buyers shifting toward cheaper proteins.
admis.comADMIS Research TeamApr 8, 2024Not enough comparable past events yet for a historical read.
Not 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.
