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CME lean hog futures slipped as traders anticipated larger hog supplies heading into fall. The October contract fell 3 cents to 87.125 cents per pound, its biggest loss since June 17.
Producers were reportedly hedging after African swine fever was found in the Dominican Republic.
Expectations of rising supply and defensive producer hedging pressure hog futures lower. Live cattle also eased despite firm beef prices.
agcanada.comAGCanadaAug 5, 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.
