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Market Impact: 0.22

Hogs Trading with Tuesday Weakness

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures are down 40 to 60 cents at midday, while April is steady ahead of Wednesday expiration. USDA’s national base hog price rose to $90.26 on Tuesday morning, up $1.03 from the prior day, even as the CME Lean Hog Index slipped a penny.

Analysis

Lean hog futures are down 40 to 60 cents at midday, while April is steady ahead of Wednesday expiration. USDA’s national base hog price rose to $90.26 on Tuesday morning, up $1.03 from the prior day, even as the CME Lean Hog Index slipped a penny.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15