CME: US Hog Futures Notably Lower on Thursday
US - Hog futures were lower on Thursday on reports of notably lower prices for both hogs and pork in cash markets. The decline likely did not come as a surprise to those that read our report on Wednesday, showing the sharp drops in the value of hams as well as the seasonal tendency for hog and pork prices to be weaker in late October and early November, largely due to large slaughter weeks and heavier weights.
3 November 2015
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