Lean Hog Futures Plummet, Pork Cutout Values Drop

Lean hog futures plummeted, with February contracts dropping by $0.92 and May contracts by $0.20. Pork carcass cutout values also fell, with bellies seeing the biggest slide of $14.37. Slaughter numbers showed 170,000 head, down from last week but ahead of last year. Open interest rose, and the CME Lean Hog Index ticked up a penny. The market reopens after Christmas, so watch for how losses carry over.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.