CME lean hogs tick down on supply numbers, year-end positioning

Key Highlights

• Department of Agriculture's quarterly hogs and pigs report last week showed larger numbers than expected, also weighing on futures, said Houghton.
• The USDA on Monday afternoon reported pork bellies fell $4.50 to $124.08 per hundredweight.
• The CME benchmark February lean hog futures fell 0.050 cent to 84.475 cents per pound.
• The CME February live cattle settled 0.675 cents lower at 228.975 cents per pound.
• March feeder cattle settled 1.250 cents higher at 341.675 cents per pound.