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CME update: lean hog futures slip as backups persist at slaughter facilities

US lean hog futures dropped on 22 May after disappointing USDA cold storage data published.

Limited slaughter capacity is the bad-news pork industry story of 2020 and international trade is the good-news story.

Traders report that US live hog futures rose on 21 May on short-covering as contracts strengthened against cash markets.

US lean hog futures firmed on 20 May despite increased slaughter rates.

Unfortunately, some choose to exploit an already difficult situation, exploitation that all producers need to have on their radar.

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