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U.S. lean hog futures fell on Monday, reversing from a two-week high the previous week. Meat packers slaughtered an estimated 496,000 pigs, up from 475,000 a year earlier, adding pork supply to the market.
Large slaughter volumes and heavy inventories weigh on hog prices until export demand, such as a China trade deal, absorbs the extra supply.
reuters.comTom PolansekDec 9, 2019Not 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.
