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US lean hog futures stopped their recent decline but failed to establish an uptrend, with summer contracts trading near the CME cash index. USDA reported pork export sales of 27,600 MT for 2022, up 65% week over week, led by Mexico and China.
Firm export sales and high beef prices limit downside in hogs, but without a clear uptrend, feed buyers should expect sideways hog pricing.
thepigsite.comKyle BaldwinJun 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.
