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Lean hog futures hit a six-week low on June 3 as the slaughter pace recovered to 429,000 head, the highest since mid-April. The pork cutout was down from about $90 per cwt the previous week.
Faster slaughter adds pork supply and pressures wholesale prices and packer margins, which tends to lower hog prices.
thepigsite.comMegan HowellJul 1, 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.
