
U.S. lean hog futures fell to contract lows on Friday, while live cattle futures reached an 11-month low as cash prices weakened. Analysts cited plentiful hog supplies, soft domestic pork demand, and lower exports; September U.S. pork exports fell 7% by volume year over year.
Weak demand and ample hog supplies are weighing on hog prices, while reduced U.S. pork exports add pressure. Lower cattle cash prices are also pulling cattle futures down.
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.