Lean hog futures latest CME quotes put August lean hog

Latest CME quotes put August lean hog futures at $85.15, with open interest up 3% this week, suggesting fresh long positions. Analysts urge caution as summer heat could impact production numbers. Broncos at Eagles preview: Will Denver pull the road upset? – Mile High Report There are times when a team can prove it’s for real. This is one of those moments for the Denver Broncos. On the road against the defending Super Bowl champions, who are also undefeated. You could make the case that the Philadelphia Eagles are the best team in the NFL, and it’s not really close. After a dominating win over the Cincinnati Bengals, the Broncos could set up the rest of their season with a win this Sunday in Philly. For that to happen, Denver will do so as +4.5-point underdogs to the Eagles. The total sits at an over/under of 43.5 points, with a slight lean towards the over at -115. A win this Sunday and the Broncos will raise more than a few eyebrows. The latest CME lean hog index fell 56 cents to $103.70. Monday’s projected cash index price is down another 86 cents to $102.84. The national direct five-day rolling average cash price today is $101.32. The noon report today showed pork cutout value up $2.05 to $109.40, led by gains in bellies. Movement at midday was good at 222.26 loads. The latest USDA data shows lean hog futures holding above $84.90 amid lower weights and steady packer bids. Technical charts indicate resistance near $87.00; a breakout could invite momentum buying from speculative funds.