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June lean hog futures rose 62.5 cents to $95.75 but were down $3.00 for the week after hitting a five-month low on Thursday. The CME lean hog index rose to $91.07, and pork cutout value gained $1.00 at midday.
Analysts describe a firm downtrend on the daily chart.
Lean hog prices remain in a technical downtrend, though seasonal grilling demand could support pork cutout later in the year. Hog feeders should keep feed needs covered in the cash market.
Not 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.