Lean Hog Futures: Labor Day Gains and Slaughter Rates

Lean hog futures climbed, especially October contracts, despite a dip in the USDA’s national base hog report. Speculators increased net long positions significantly before the Labor Day break. Pork cutouts rose, but hog slaughter numbers dipped, signaling potential shifts as fall approaches. Hosted on Acast. See acast.com/privacy for more information.