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US lean hog futures fell on 30 July as cash hog values softened and pork product prices declined, with wholesale ham prices dropping to $55.11 per cwt from $68.62. The October contract settled down 1.500 cents at 48.325 cents per pound.
USDA data showed 2020 US pork export sales of 39,600 tonnes in the week to 23 July.
Falling pork cutout and softer cash hogs point to weaker hog margins and reduced demand for feed inputs, though solid export sales offer some support.
thepigsite.comMegan HowellJul 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.
