Hog Traders Look to Friday, as Pork Gives into Pressure

Lean hog futures fell 95 cents to $1.42 in Thursday’s session. USDA’s national base hog price was reported at $98.30, down 71 cents from the prior day, and the CME Lean Hog Index slipped 22 cents to $96.95 (Aug. 4). Overall, the livestock complex showed near-term price weakness into the week.

Analysis

Lean hog futures fell 95 cents to $1.42 in Thursday’s session. USDA’s national base hog price was reported at $98.30, down 71 cents from the prior day, and the CME Lean Hog Index slipped 22 cents to $96.95 (Aug. 4). Overall, the livestock complex showed near-term price weakness into the week.