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Lean hog futures rose on May 21 as short-covering lifted contracts against cash markets. Daily slaughter climbed to 398,000 head, the highest since April 17.
Rising slaughter and short-covering provide modest support to hog prices, though slaughter remains below pre-pandemic levels and feed demand is only lightly affected.
thepigsite.comMegan HowellMay 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.
