CME update: lean hog futures end mixed as traders weigh consumer demand against feed costs
US lean hog futures were mixed on 27 April, with the most-active contract climbing higher as pork demand remains strong.
28 April 2021
3 minute read
By: Reuters reports that feed costs put pressure on CME hog futures. Chicago Board of Trade corn futures have been volatile recently, and climbed to a new eight-year high on 27 April.
CME most-active June lean hogs eased 0.175 cents to 106.675 cents per pound.
The CME's lean hog index, a two-day weighted average of cash prices, climbed to $107.17 per cwt, its highest since October 2014.
