CME update: lean hog futures rise as slaughter pace recovers to pre-pandemic levels

US lean hog futures gained ground on 20 August as slaughter rates returned to levels seen before the COVID-19 pandemic shuttered processing plants due to worker sickness.
calendar icon 21 August 2020
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Speaking to Reuters, he said, “starting mid-September we will need several weeks of 2.75 million head and probably one to two weeks of 2.8 million head.”

USDA reported export sales of US pork the week ended 13 August at 20,600 tonnes, nearly double the previous week, but down 27 percent from the prior 4-week average.

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