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The December lean hog futures contract formed a bear flag after the price uptrend faded. The CME cash hog index fell 17 cents to $86.14 as of Sept.
26, its fourth straight daily decline, while wholesale pork values held above $100.
Seasonal slaughter supply build-up could extend the cash hog decline into winter, reducing demand for hog-based feed ingredients.
thepigsite.comJim Wyckoff More from this authorSep 29, 2023Not 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.
