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Lean hog futures have lost over $13 per hundredweight in October, with the CME lean hog index at $81.67, the lowest since late February. Wholesale pork cut-out values are sliding, though early strong pork movement may signal a price bottom.
Continued hog price weakness reduces producer feed demand and pressures soybean meal and corn outlooks, with traders expecting further downside in December hogs.
thepigsite.comMegan HowellOct 29, 2021Not enough comparable past events yet for a historical read.
Not 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.
