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US lean hog futures fell on Monday as cash values softened and packers cut kills. The daily hog slaughter fell to 452,000 head, the smallest since November 12.
February hogs settled at 65.550 cents per pound, retreating from a contract high set the previous week.
Softer cash hog prices and lower packer demand weigh on near-term hog futures. Heavy supplies point to continued pressure on hog prices for feed buyers.
thepigsite.comGlobal Ag MediaNov 27, 2018Not 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.
