LIVESTOCK-CME lean hogs fall on anticipated larger supplies reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
7/20/2021
By Christopher Walljasper
CHICAGO, July 20 (Reuters) - Chicago Mercantile Exchange
lean hog futures gained on Tuesday on short covering and
continued firmness in the wholesale pork market, traders said. August seems like its anchored by what’s going on in the
cutout, said Altin Kalo, economist at Steiner Consulting Group. They’ve been surprised by the strength in the pork cutout.
CME August lean hog futures gained 0.525 cent to 105
cents per pound, while October firmed 1.650 cents to
91.025 cents.
Slaughter is expected to increase as supplies of
market-ready hogs increase moving into the fall, Kalo said.
Daily hog slaughter increased to 474,000 head on Tuesday, up
Meat Inflation Soars as Pork Shortage and U S Grilling Collide bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
All beef plants operated by JBS in the United States have been shut down due to a cyberattack that targeted some of the company's servers over the weekend. The attack, which the dishonest [.]