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CME update: lean hog futures close mixed

US lean hog futures closed narrowly mixed on 28 July, with the front two contract months closing lower on increased hog supplies.

29 July 2020, at 10:45am

Reuters reports that deferred contracts firmed slightly on 28 July. The benchmark October lean hog contract settled down 0.025 cent at 50.725 cents per pound.

Speaking to Reuters about the trading day, Brian Hoops, president of Midwest Market Solutions, said, “we are looking at a little better cash (hog) market here recently, but we've got so much supply that it is going to be difficult to sustain."

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