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CME Group is raising daily price limits on lean hog futures to 3.75 cents/lb from 3 cents, with expanded limits of 5.5 cents. The change takes effect April 13 and follows high volatility linked to African swine fever and US-China trade tensions.
Limit settlements occurred on 14% of 2019 trading days.
Wider limits are a market-structure change that may ease volatility and price discovery but do not by themselves change hog supply or demand.
feedstuffs.comKrissa WelshansFeb 28, 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.
