CME update: lean hog futures sink alongside corn prices
US lean hog futures slipped on 14 May following a 31-cent drop in July corn futures.
17 May 2021
3 minute read
By: Reuters reports that CME June futures settled down 1.375 cents at 108.725 cents per pound.
In China, the world's biggest pork producer, the sow herd in April grew 1.1% from March and 23% from a year earlier, according to state television.
China has been trying to rebuild its herd since it was first hit in 2018 by a devastating outbreak of the pig disease African swine fever, which increased the country's meat imports.
