4/8/2021
By Christopher Walljasper
CHICAGO, April 8 (Reuters) - U.S. lean hog futures on the
Chicago Mercantile Exchange climbed higher on Thursday as tight
supply and firm export demand offered support, analysts said. A lot of that has to do with COVID and the pent-up demand
we have, with more things opening up, said Joe Kooima,
commodity broker at Kooima Kooima Varilek Trading.
CME June lean hogs settled 0.80 cents higher at
108.700 cents per pound, after reaching a high of 108.775.
Nearly all contract months found new life-of-contract highs.
The CME s lean hog index, a two-day weighted average of cash
prices, climbed to $100.47 per hundredweight (cwt), its highest