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December lean hog futures fell the daily limit of 3.75 cents after the wholesale pork cutout dropped $1.91 to $99.22 per cwt and fell further to $98.75 on Thursday. Livestock, grain and equity markets all declined as the U.S. dollar hit a six-month high after the Federal Reserve signaled restrictive policy would persist.
Weaker pork values and profit-taking pressure hog prices, while a stronger dollar and restrictive rates weigh on export prospects across grain and livestock.
grainews.caAbout the authorSep 22, 2023Not 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.
