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CME lean hog futures climbed to nearly four-month highs on July 31, with October contracts up 9.73% for the month. Packer pork margins rose and weekly slaughter was above the prior week and year-ago levels, while cattle futures eased on softer cash prices.
Wider packer margins and firm pork values support hog futures, while weaker cash cattle pressures live cattle prices.
thepigsite.comMelanie EppJul 31, 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.
