CME Lean Hog Futures Set Contract Lows on Ample Supply, Weak Demand
Lean hog futures set life-of-contract lows Monday. Plentiful supplies and weak demand continued to weigh on prices; the market has fallen since July amid poor cash hog prices and slumping wholesale pork prices, analysts said.
By Tom PolansekChicago Mercantile Exchange lean hog futures set life-of-contract lows on Monday as plentiful supplies and weak demand continued to weigh on prices.The market has tumbled since July because of poor cash prices for hogs and slumping wholesale pork prices, analysts said. Futures are ov…