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Market Impact: 0.22

Hogs See Front Month Gains on Thursday

Commodities & Raw MaterialsCommodity FuturesEconomic Data

Lean hog futures were mixed: front months rose $0.50 to $1.70, while deferred contracts fell $0.07 to $0.30. USDA’s national base hog price was $95.47, down $1.45 day-over-day, and July was up 92 cents for the week. Net effect suggests near-term support but weakening deferred demand/price expectations.

Analysis

Lean hog futures were mixed: front months rose $0.50 to $1.70, while deferred contracts fell $0.07 to $0.30. USDA’s national base hog price was $95.47, down $1.45 day-over-day, and July was up 92 cents for the week. Net effect suggests near-term support but weakening deferred demand/price expectations.

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Market Sentiment

Overall Sentiment

mixed

Sentiment Score

-0.05