Hogs Look to Tuesday Trade

Lean hog futures finished Monday lower by 80 cents to $1.20, while open interest declined by 1,868 contracts, signaling lighter positioning. USDA’s national base hog price rose to $98.78, up 48 cents from the prior day. The mixed read (futures down, cash index up) suggests near-term caution rather than a clear directional breakout.

Analysis

Lean hog futures finished Monday lower by 80 cents to $1.20, while open interest declined by 1,868 contracts, signaling lighter positioning. USDA’s national base hog price rose to $98.78, up 48 cents from the prior day. The mixed read (futures down, cash index up) suggests near-term caution rather than a clear directional breakout.