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The August lean hog futures contract kept a four-week uptrend, with the CME lean hog index up 44 cents to $92.96 as of June 27. Pork demand picked up, with wholesale loads near 300 and the first cutout above $100 since October.
Croatia also reported an African swine fever outbreak on two farms.
Strong seasonal pork demand and tight hog supplies support lean hog prices, while an African swine fever outbreak in Europe can disrupt export flows and add to global pork price pressure.
thepigsite.comSarah MikesellJun 29, 2023After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% 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.
