Loading…
Lean hog futures surged by the exchange limit on Wednesday to settle at 57.525 cents a pound, up 11% for the week. Slaughter has stayed low despite a swelling USDA-reported hog herd, with Hurricane Florence's processing backlog having cleared, raising questions about U.S. inventories.
Lower-than-expected U.S. slaughter tightens near-term hog supply while Chinese disease demand grows, supporting higher hog prices.
fullertreacymoney.comCommentary by Eoin TreacyOct 25, 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.
