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US lean hog futures rose 1.7% on September 25 despite a USDA report showing the breeding herd near year-earlier levels. Traders focused on strong export sales, particularly to China, amid African swine fever losses in Asia.
October lean hogs ended at 71.75 cents per pound.
Strong export demand for US pork supports hog prices into the fourth-quarter seasonal peak in supply.
thepigsite.comMegan HowellSep 28, 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.
