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CME lean hog futures gained on July 20 on short covering and firm wholesale pork prices. The CME lean hog index rose to $112.26 per cwt, its highest since June 28, as lower hog kills and weights tightened spot supply.
Live cattle futures followed wholesale beef lower.
Reduced slaughter and lighter weights are cutting spot hog supply, which supports hog prices into the fall. Weaker beef cutout values pressure live cattle.
financialpost.comReutersJul 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.
