Loading…
CME lean hog futures fell on technical selling and worries that falling Chinese hog prices signal slowing demand for U.S. pork. December hogs settled at 76.025 cents per pound after filling a chart gap from Sept.
24. December live cattle closed slightly higher on expectations of steady to firmer cash trade.
Weaker expected pork export demand from China adds downward pressure on U.S. hog prices, which lowers the value of hog-feed margins and signals softer demand for feed grains and meal over the coming months.
financialpost.comReutersOct 20, 2021Not 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.
