CME update: lean hog futures dip for second straight session
US lean hog futures fell for a second consecutive session on 10 May, but the commodity remains near its recent highs.
Reuters reports that CME’s most-active June lean hogs fell 0.750 cents to 112.100 cents per pound, while back-month contracts reached new lifetime highs.
Hog slaughter improved from last week, with 483,000 head processed on Monday, but remains soft, says Matthew Wiegand, Risk Management Consultant at FuturesOne.
“We got off to a good start this week, but we’re still showing tight numbers nearby,” he said.
The CME lean hog index, a two-day weighted average of cash prices, climbed to $109.22 per cwt.
Tags: futures dip, lean hog
Read also
Malaysia plans ‘orangutan diplomacy’ to boost palm oil sales
Sergey Feofilov, UkrAgroConsult, will speak at the 5th CeMI Commodities Exchange M...
Wheat production in Kazakhstan will recover in MY 2024/25
Disruptions in international trade due to Houthi attacks in the Red Sea may persis...
Prices for rapeseed and canola rose by 4-8% over the week amid a possible decrease...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon