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Lean hog futures remain in a downtrend, with the CME lean hog index down another 25 cents, its eighth straight daily decline. Weak cash markets are pressuring futures ahead of the USDA quarterly Hogs and Pigs report.
Analysts expected a slightly larger hog herd than last year.
A persistent cash slump and expectations of a bigger herd point to continued weak hog demand for feed. The upcoming report could shift sentiment.
thepigsite.comSarah MikesellMar 31, 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.
