The June lean hogs contract is at 81.700 cents per pound on the CME as of 18:20 GMT, down 0.125 cent from yesterday’s settlement at 81.825 cents, as the contract finishes its final hour of trading before expiration.
July contracts are up 2.775 cents to 88.875 as of 18:20 GMT. The
Commitments of Traders data for the week ending on June 7 show
Hog futures have been lifted by the recent strong pace of US exports to China. Pork exports to mainland China, including variety meats, swelled 117% in 2016-
China’s domestic demand for pork has heavily Toddler Bounce House outpaced local supply. The time required for China’s domestic production to meet local demand may be increased with recent government crackdowns on environmental regulation violations and an effort to move production to larger and more modern facilities.
Many US farmers seeing lucrative export opportunities are adapting their farming techniques to remove the
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