About time (and pork)! ๐๐ท
May 12, 2023๐บ๐ฒ (Almost a pun with the name of our newsletter!!) Chicago Mercantile Exchange (CME) lean hog futures recovered from contract lows on a round of technical buying at the beginning of this week and the export market is in for a lot of attention… US pork has become some of the cheapest in the world, so international trade is (finally!) coming our way!
๐ Cattle contracts also ended higher, with strength in the cash market spilling over into futures prices. A decline in corn futures added support. For all the details, click here.