Hog Futures Drop, Pork Stocks Low

Lean hog futures fluctuated ahead of the holiday, with USDAs base hog price unreported due to thin trading. The CME Lean Hog Index inched up a penny. Inventory rose slightly, with market hogs increasing and breeding hogs decreasing. Cold storage pork stocks hit a 25-year low. Pork carcass cutout values dropped, with bellies plummeting. February hogs closed down, with April and May following suit. Traders anticipate a steady open Friday amid low stocks and bigger inventories.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.