Futures for lean pork on the Chicago Mercantile Exchange (CME) due to discounted purchases, on Monday, June 17, rose after a multi-month low by about 2%, however, the large volumes of pig deliveries to the United States remaining on the market limited their further growth.

July CME lean pork futures after falling to 80.525 cents, the lowest price since March 11, rose 1.7 cents to 83.050 cents per pound (0.453592 kg).

Pork prices, which will be delivered in August, rose 1.625 cents, closing at 82.250 cents per pound, thereby “bouncing” off the three-month low set last week.

Livestock and feed livestock futures have also risen since last week's decline on Monday. Beef prices have fallen slightly.

The US Department of Agriculture (USDA) reported that on Monday, June 17, a selected portion of beef in a package cost $ 221.82 per ton, which is $ 0.41 less than the Friday price.

Despite some growth on Monday, June 17, feed cattle futures continued to face pressure from rising prices for corn, which is the main livestock feed.

Futures for corn on the Chicago Stock Exchange on Monday, June 17, set a new five-year high, as bad weather continued to put pressure on the cultivated area and prospects for corn production in the United States.