Lean Hogs have seen a significant uptick, increasing by 13.41 USd/Lbs, which translates to a remarkable 19.73% rise since the beginning of 2024, as evidenced by trading on a contract for difference (CFD) that tracks this essential commodity. Historically, Lean Hogs reached an all-time high of 133.80 in July 2014.
Looking ahead, market analysts predict that Lean Hogs will trade at 84.49 USd/Lbs by the end of this quarter, according to global macroeconomic models. Furthermore, it is anticipated that prices will rise to 91.69 USd/Lbs over the next 12 months.