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CME April lean hogs settled 2.525 cents higher at 103.800 cents per pound as packers chased market-ready hogs to slaughter. The USDA national weighted-average purchased swine price rose 7.99 per cwt and the CME Lean Hog Index firmed to $85.87.
Packers competing for scarce butcher hogs signal tight supply and strong cash prices, supporting hog prices and feed demand into spring.
financialpost.comReutersFeb 8, 2022Not enough comparable past events yet for a historical read.
Not 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.
