Hogs Get a Bounce to Start the Week

Lean hog futures closed up $0.05 at $1.25, despite weaker underlying cash indicators. USDA's national base hog price fell $1.41 day over day to $80.35, while the CME Lean Hog Index declined another $1 to $84.02 on September 14. The divergent futures and cash-price moves suggest a modestly mixed near-term outlook for hog markets.