Loading…
CME lean hog futures settled mixed ahead of the USDA quarterly hog report on Thursday, with analysts expecting continued herd growth. Cash hog prices had declined on abundant supplies and fears of a US-China trade war.
Expanding herd and trade worries point to softer hog pricing, while the coming report can shift positioning and feed demand expectations.
manitobacooperator.caGFM Network News, ReutersMar 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.
