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U.S. lean hog futures fell on Aug. 28 as cash hog prices weakened and the market gave back part of Monday's gains that followed the U.S.-Mexico trade deal announcement.
Iowa and Minnesota cash hogs eased 11 cents to $36.77/cwt, and the CME cash index hit its lowest since November 2016.
Uncertainty over whether Mexico will lift tariffs on U.S. pork and over NAFTA ratification is keeping hog prices volatile and pressured by weak cash trade, which weighs on feed demand.
agcanada.comAGCanadaAug 28, 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.
