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December lean hog futures have held an uptrend despite recent volatility, with traders awaiting the USDA quarterly Hogs and Pigs report. National average cash hog bids rose $1.00 on Wednesday.
US pork export sales for 2020 were 37,800 metric tons in the latest week, down 25% from the prior week.
Rising cash hog bids and steady export demand support near-term hog prices, while the upcoming herd data will shape the outlook for the next two quarters.
thepigsite.comMegan HowellSep 25, 2020Not 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.
