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CME lean hog futures rallied to their highest level in more than two weeks on expected summer grilling demand, while live and feeder cattle futures weakened. Surging grain and soybean prices raised concerns about lower hog weights, and US pork exports have dropped amid weaker China shipments.
Seasonal demand expectations support hog futures, while higher feed costs and weaker export demand limit upside and cattle weakness signals softer near-term sentiment.
thepigsite.comMelanie EppApr 19, 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.
Same-theme report of hogs hitting a two-week high on seasonal grilling demand, with feed-cost concerns limiting hog weights (supportive of supply tightness).
