The herds aren’t being rebuilt… 😬

📊 Chicago Mercantile Exchange (CME) lean hog futures declined on Friday – lean hog and live cattle futures are both prone to bouts of long liquidation in the absence of supportive news. 

    • On the long haul, cattle and hog supplies are going to be tighter because the herds aren’t being rebuilt. Eventually, things will look brighter – but unfortunately, not today.

🔍 Wholesale pork prices ended a bit higher, while live cattle futures ended modestly lower. Check out the full prices and fluctuations here.