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CME lean hog futures eased as frigid Midwest temperatures reduced hog processing. A holiday-reduced kill schedule is expected to leave a large number of hogs to process in early January.
Weather-driven slaughter disruptions and a processing backlog can pressure near-term cash hog prices while supply builds.
reuters.comChristopher WalljasperDec 23, 2022After 10 past bearish weather events, Lean Hogs moved a median -0.6% over 5 sessions (20% higher; middle half -2.7% to -0.2%), and -4.3% over 20.
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.
