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US lean hog futures fell on Thursday on ample hog supplies and a weak cash market, with the February contract trading about 9 cents above the CME lean hog index. Traders remained uncertain how much additional pork China would buy under the Phase 1 trade deal being signed the following week.
Heavy hog supplies and a futures premium to cash weigh on lean hog prices, while uncertainty over Chinese pork purchases limits upside for feed demand from the hog sector.
financialpost.comReutersJan 9, 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.
