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US lean hog futures fell on 28 August as traders anticipated a seasonal demand slowdown ahead of Labor Day. October lean hogs closed down 2.075 cents at 53.65 cents per pound after weekly declines in cash markets.
Expected seasonal softness in pork demand pressures hog prices lower in the near term. Feed buyers may see reduced hog-sector feed demand pressure.
thepigsite.comMegan HowellAug 31, 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.
