Lean hogs futures june lean hogs futures are

June lean hogs futures are consolidating near $91.50 per cwt after last week’s sharp rally. Technical traders point to resistance at $92.40, while fundamental players monitor carcass cutout values rising above $99, fueling optimism in retail demand. Natural gas, which is entering the peak demand season, posted a marginal decline of under 1% in September. Chicago ethanol swaps rose, despite a decline in corn prices, while Rotterdam coal futures dropped 12.80% to more attractive levels as winter approaches. Price action: December lean hog futures rose 62 1/2 cents to $87.30, nearer the daily high and for the week down $3.75. Lean hogs futures rallied modestly as packer demand strengthened ahead of the holiday season. July contracts traded at $93.50, supported by wholesale pork loins fetching higher prices in daily USDA reports.