CME update: futures market remains mixed
CME lean hog futures ended mixed on 2 November while pork cut-out prices rose.
3 November 2020
2 minute read
By: Reuters reports that the most-active December lean hogs contract settled up 0.375 cent at 65.950 cents per pound but back months finished modestly lower.
The US pork cut-out, an indication of wholesale pork prices, rose by 34 cents to $84.14 cents per cwt, according to the US Department of Agriculture. Prices fell sharply for pork bellies but rose for hams and ribs.
