BusinessPhoto: Mint MarketsCME Hog Futures Hit Contract Lows Amid Oversupply and Weak Demand
Chicago Mercantile Exchange lean hog futures reached contract lows due to abundant supply and weak demand. December lean hog futures closed at 58.175 cents per pound, hitting a low of 57.775 cents. Analysts cite poor domestic and export demand, with China’s oversupply hurting US pork exports. US beef exports to China also face regulatory challenges despite renewed licenses.
Mint Markets··Chicago




