Hogs Look to Tuesday Following Monday Weakness

Lean hog futures were steady to 70 cents lower on Monday, with open interest down 1,039 contracts. USDA’s national base hog price rose $3.86 to $97.77, while the CME Lean Hog Index slipped 27 cents, indicating mixed near-term pricing signals rather than a clear directional move.

Analysis

Lean hog futures were steady to 70 cents lower on Monday, with open interest down 1,039 contracts. USDA’s national base hog price rose $3.86 to $97.77, while the CME Lean Hog Index slipped 27 cents, indicating mixed near-term pricing signals rather than a clear directional move.