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February lean hog futures dropped to a three-week low, with the CME lean hog index down to $74.18 as of November 20, a seasonal low. Hong Kong also culled about 1,900 pigs after its second African swine fever case in a month.
Weakening cash and wholesale pork values pressure hog prices, and ASF detections in Asia add disease-driven uncertainty to regional pork demand.
thepigsite.comSarah MikesellNov 24, 2023After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.
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.
