Lean Hog Futures Extend Losses as Packer Demand Remains Low
Lean hog futures are falling amid low packer demand. Commstock Investments' Brian Grete said cash-market weakness and abundant market-ready supplies are pressuring hogs.
Lean hog futures are falling as packer demand remains low. "Hogs are being pressured by sharp weakness in the cash market as market-ready supplies are abundant," says Brian Grete of Commstock Investments. "Packers have more than enough hogs, and are in some cases, slowing slaughter runs as they can…