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Lean hog futures slumped during the week, with prices on Thursday hitting a two-month low. The CME lean hog index rose 6 cents to $81.68 as of December 13, and February futures traded $1.78 above the index.
Technical selling and a futures curve implying little near-term cash improvement point to softer hog prices into year-end, though seasonal lows may be near.
thepigsite.comSarah MikesellDec 16, 2022Not 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.
