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US lean hog futures fell on June 19 as producers struggled to place backlogged hogs at slaughterhouses despite plants reopening. USDA data showed China bought 9,991 tonnes of US pork in the week ended June 11, the largest weekly total since April 30.
Slaughter backlogs keep supply heavy and weigh on cash hog prices, though some export demand from China offers modest support.
thepigsite.comMegan HowellJun 22, 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.
