Loading…
December lean hog futures dropped to the mid-70s on Tuesday, down about $13/cwt or 15% since September 20. Steiner Consulting attributed the decline to concerns about weaker demand and a worsening economic outlook.
December pork cutout futures were near $87/cwt.
Sharp hog futures declines reduce producer profitability and can lead to cutbacks in feed purchases, affecting corn and soymeal demand.
porkbusiness.comOct 5, 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.
