CME update: lean hog futures trim on demand uncertainty

US lean hog futures stepped back on 3 December as pandemic restrictions and export data weighs on the market.
calendar icon 4 December 2020
clock icon 3 minute read

"Holiday stuff is probably already in the store," he said. "They just wanted to make sure they were better prepared this time, that they had stuff on supply, as compared to scrambling last time."

Weekly export sales of US pork totaled 31,300 tonnes, the USDA said, up 66 percent from the previous week but down 6 percent from the prior four-week average, with Mexico buying 12,900 tonnes while China booked 7,400 tonnes and shipped 9,000 tonnes.

Read more about this story here.

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.