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CME lean hog futures rallied to a two-plus-week high on expectations of summer grilling demand, while live and feeder cattle futures weakened. Analysts noted that surging grain and soybean prices could reduce hog weights as feed costs rise.
Expected seasonal pork demand supports hog prices, while higher feed costs are a bearish risk to future hog weights and supply; cattle weakness reflects softer sentiment.
agcanada.comAGCanadaApr 18, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Published on the move date, it reports lean hog futures rallying to a two-plus-week high on expected summer grilling demand, which directly describes the demand-driven price jump.
Lean hog futures rallied to a two-plus-week high on summer grilling demand expectations, directly matching the sharp upward move.
