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CME lean hog futures slipped on November 2 amid doubts about export demand. Reuters noted that China's hog sector is struggling with excess production after many new small farmers entered the industry during a swine fever shortage.
Concerns about export demand and Chinese oversupply weigh on lean hog futures, though the excess Chinese output may also reduce its import needs for pork.
reuters.comP.J. HuffstutterNov 2, 2021Not 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.
