Loading…
Lean hog futures fell on December 19 as cash hog prices dropped, with slaughter-ready hogs at $56.05 per 100 pounds after large average weights let packers lower bids. Wholesale pork fell $1.71 to $75.86 per 100 pounds on Monday as retailer demand slowed after holiday stocking, and February lean hogs slipped 0.7%.
Heavier hogs and softer pork demand weigh on hog prices, and analysts expect continued herd growth ahead of the USDA quarterly supply report.
foxbusiness.comBenjamin ParkinDec 19, 2017Not 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.
