Loading…
July lean hog futures rebounded from their May low and are in a fledgling daily uptrend. The CME lean hog index continues to climb, and USDA reported US pork export sales rose 52 percent week on week, led by Mexico, Canada and China.
Rising hog index and firm export sales support the seasonal summer rally, which can lift live hog prices and encourage farmers to keep feeding, supporting feed ingredient demand.
thepigsite.comSarah MikesellMay 26, 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.
