CME update: lean hogs reach four-month high on strong US export sales

US lean hog futures hit a four-month high on 3 September as USDA data showed strong export demand and short covering.
calendar icon 4 September 2020
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Mexico purchased 14,705 tonnes of US pork, making it the second biggest buyer last week, according to USDA data.

"China and Mexico were certainly leading the parade," said Altin Kalo, agricultural economist for Steiner Consulting.

Chicago Mercantile Exchange October lean hogs settled up 2.850 cents at 59.250 cents per pound and set their highest price since 5 May.

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