CME lean hogs hit contract lows; cattle slip on profit-taking
CME October lean hog futures (LHV26) settled 0.525 cent lower at 79.075 cents per pound after hitting life-of-contract lows, with analysts citing ample U.S. hog supplies and weaker wholesale pork prices.
CME lean hog futures fell to life-of-contract lows on Tuesday, with ample U.S. hog supplies and weaker wholesale pork prices weighing on the market, analysts said. CME October lean hog futures (LHV26) settled down 0.525 cent at 79.075 cents per pound after notching a contract low.