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CME February lean hog futures settled 0.175 cents higher at 68.750 cents per pound on 1 December, after touching 69.60 cents, the highest since 21 October. Export orders and holiday buying supported prices, though analysts flagged weaker first-quarter export demand ahead.
Solid pork demand and China buying support hog prices and modestly support feed grain demand, though Q1 export softness is a downside risk.
thepigsite.comMegan HowellDec 2, 2020Not 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.
