Lean hogs climb to 6-1/2-year high on high pork prices, strong exports
3/17/2021 By Karl Plume CHICAGO, March 17 (Reuters) - Chicago Mercantile Exchange lean hog futures rallied for a second straight session on Wednesday and the spot contract rose to the highest in 6-1/2 years on elevated pork prices and expectations for continued strong pork export sales. Pork prices have been rising, led by higher pork belly values, as retailers and restaurants stock up in anticipation of improved meat demand as economies re-open from coronavirus shutdowns and warmer weather ushers in the outdoor grilling season. Strong pork exports, notably to China, added support. The U....