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Lean hog futures surged to a three-month high during the week, with the August contract in a steep uptrend. The CME Lean Hog Index climbed to $116.37, and wholesale pork strength supported both cash and futures.
Rising retail pork prices could curb consumer demand in the coming weeks.
Solid cash fundamentals and wholesale strength point to higher hog values in the near term, which supports sow and finishing feed demand. Slowing consumer demand is the main risk to that upside.
thepigsite.comKyle BaldwinJul 21, 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.
