
Lean hog futures fell to another contract low on Friday, extending weekly losses as cash hog prices and the CME Lean Hog Index continued to decline. The analysis also cited weaker consumer demand amid inflation and high fuel costs, adequate frozen pork stocks, and selling pressure spilling over from cattle futures.
Soft consumer demand and ample pork inventories weigh on hog prices, while weakness in cattle futures adds pressure across livestock markets. A sustained demand recovery would be needed to support prices.
Not enough comparable past events yet for a historical read.
Not 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.