CME July Lean Hogs Fall 0.875 Cent as Pork Carcasses Slip to $97.12
Updated
Updated · The Pig Site · Jun 16
CME July Lean Hogs Fall 0.875 Cent as Pork Carcasses Slip to $97.12
3 articles · Updated · The Pig Site · Jun 16
Summary
CME July lean hog futures settled down 0.875 cent at 96.575 cents a pound on Monday, while the more-active August contract lost 0.575 cent to 95.775 cents.
USDA priced pork carcasses at $97.12 per hundredweight Monday afternoon, down 27 cents from Friday, extending pressure from weak wholesale pork values.
Slow domestic consumption remained the main drag on the hog market, with analysts saying pork demand continues to sputter.
Livestock markets diverged as cattle futures rose on firmer cash prices and stronger beef values, underscoring weaker demand conditions in pork.