CME: Hog Futures Rallied on Friday
US - Hog futures rallied yesterday despite ongoing weakness in cash markets. The IA/MN lean hog carcass price (base price before discounts and premiums) was quoted last night at $57.66/cwt, down 75 cents compared to the previous day and down 24 per cent since the start of the year, write Steve Meyer and Len Steiner.