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Grain futures fell sharply on normal weather, with November soybeans collapsing and July wheat trading at a discount to July corn. Lean hog futures were expected to gap higher after a limit-up session driven by short-covering on lower open interest.
Favorable weather and the reduced fear of El Niño are pressuring grain prices lower, which helps feed costs. Hog futures are expected to rebound on short-covering rather than a fundamental change.
swineweb.comJim EadieMay 31, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
