Upward momentum โคด๏ธ๐
Jun 14, 2023๐ท Chicago Mercantile Exchange (CME) lean hog futures hit their highest level in more than a month at the end of last week, with wholesale pork prices also jumping.
- Recent advances in futures have built some upward momentum in the market, though the sector continues to struggle with an excess of hogs and slow demand for pork.
๐ฎ Simultaneously, live cattle futures ended mixed after having set a new record high last week. To get all the numbers, just read this.