Lean hog futures closed Monday lower, with contracts down $0.80 to $1.20 on the day. USDA’s national base hog price rose to $98.78, up $0.48 from the prior day, while the CME Lean Hog Index was up $0.34 to $92.69 (July 9). Overall, spot prices firmed even as futures pulled back, suggesting near-term caution in the hog complex.
Lean hog futures closed Monday lower, with contracts down $0.80 to $1.20 on the day. USDA’s national base hog price rose to $98.78, up $0.48 from the prior day, while the CME Lean Hog Index was up $0.34 to $92.69 (July 9). Overall, spot prices firmed even as futures pulled back, suggesting near-term caution in the hog complex.
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mildly negative
Sentiment Score
-0.20
