Lean Hog Futures Surge, USDA Reports Mixed Market Signals

November eleventh marked a positive shift in the lean hog futures market, with most front months posting gains. The USDA reported a slight decrease in the national base hog price, while the CME Lean Hog Index continued its downward trend. However, the pork processing sector saw a boost with the USDAs pork carcass cutout value rising. Federally inspected hog slaughter also increased, indicating higher processing activity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.