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February lean hog futures fell 0.85 cents to 67.9 cents per pound on 2 December, with profit-taking despite strong export forecasts. Daily slaughter was near year-ago levels and industry sources said processing was running near capacity.
Profit-taking after a roughly 20% rally points to softer hog values in the near term, while export interest ahead of Lunar New Year provides some underlying support.
fxdailyreport.comDaffa ZakyDec 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.
