Lean hog futures fell 55 to 85 cents in the front months on Friday, signaling short-term downside pressure. USDA reported the national base hog price at $92.09, down $0.07 from the prior day, while the CME Lean Hog Index was $91.44, up $0.24 on March 11. The divergence between weaker futures and a slightly firmer index suggests near-term bearish positioning in the futures market despite modest strength in the spot index.
Lean hog futures fell 55 to 85 cents in the front months on Friday, signaling short-term downside pressure. USDA reported the national base hog price at $92.09, down $0.07 from the prior day, while the CME Lean Hog Index was $91.44, up $0.24 on March 11. The divergence between weaker futures and a slightly firmer index suggests near-term bearish positioning in the futures market despite modest strength in the spot index.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
