Lean hog futures rose 10 to 82 cents in the front months on Monday, while deferred contracts were steady to 27 cents lower. USDA’s national base hog price increased to $92.13, up $1.85 from the prior day, even as the CME Lean Hog Index slipped 15 cents. The update points to firm near-term cash hog pricing and modest support for the front end of the hog market.
Lean hog futures rose 10 to 82 cents in the front months on Monday, while deferred contracts were steady to 27 cents lower. USDA’s national base hog price increased to $92.13, up $1.85 from the prior day, even as the CME Lean Hog Index slipped 15 cents. The update points to firm near-term cash hog pricing and modest support for the front end of the hog market.
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mildly positive
Sentiment Score
0.15
