Lean hog futures are experiencing a decline, with contracts down between 17 to 90 cents as of midday. The USDA’s national base hog price was not reported on Monday morning due to light trading volume, remaining at $91.52. The CME Lean Hog Index decreased by 2 cents to $90.46 on May 14.
According to a fact sheet released by the White House on Sunday, China is set to purchase a minimum of $17 billion worth of U.S. agricultural products annually from 2026 to 2028. In the week ending May 12, managed money cut their net long position by 10,222 contracts, totaling 40,860 contracts. The USDA reported last week’s federally inspected hog slaughter at 2.366 million head, down 84,000 from the previous week and 16,192 below the same week last year.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
