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Lean hog futures fell to life-of-contract lows on Friday, while live cattle futures reached an 11-month low. Hog prices have declined by about a third since late July amid plentiful supplies and weak U.S. pork demand.
Ample hog supplies and soft pork demand weigh on hog prices; the cattle futures decline also signals weaker nearby cattle-market sentiment.
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.