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Lean hog futures hit a more-than-six-month low as bears took near-term technical control. USDA reported US pork export sales fell 25% week over week, with shipments going mainly to Mexico, China and Japan.
Weaker pork exports and a multi-month low in hog futures reduce near-term demand for pork and hog supply, pressuring hog prices but with support from strong export demand.
brownfieldagnews.comMeghan GrebnerSep 24, 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.
