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CME lean hog futures rose to their highest level in nearly three months on 25 August, with October lean hogs closing up 1.35 cents at 55.95 cents per pound. USDA data showed pork supplies did not rebound after plant reopenings, with frozen pork stocks in July at their lowest for any July in nine years.
Tight pork supplies support hog prices as packers restart after COVID shutdowns. Firmer hog prices support hog-sector feed demand.
thepigsite.comMegan HowellAug 26, 2020After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
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.
