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Lean hog futures remained above the CME cash hog index despite sharp losses on Wednesday. USDA reported weekly US pork export sales of 12,900 MT, a marketing-year low, down 46% from the prior week.
Weak pork export sales and softer wholesale pork reduce demand support, limiting upside for summer hog futures and weighing on feed demand.
thepigsite.comSarah MikesellApr 22, 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.
