Hog Traders Look to Midweek Trade

Lean hog futures traded between $0.52 lower and $0.25 higher on Tuesday, reflecting mixed intraday moves; open interest declined by 2,764 contracts. USDA’s national base hog price was $92.62, up $0.66 from the prior day, while the CME Lean Hog Index fell $0.17, indicating modest price divergence across benchmarks.

Analysis

Lean hog futures traded between $0.52 lower and $0.25 higher on Tuesday, reflecting mixed intraday moves; open interest declined by 2,764 contracts. USDA’s national base hog price was $92.62, up $0.66 from the prior day, while the CME Lean Hog Index fell $0.17, indicating modest price divergence across benchmarks.