Lean hog futures were down 35 to 57 cents in the front months, while deferred contracts gained 40 cents to $1.10. Open interest fell by 662 contracts, pointing to a rotation of ownership rather than broad liquidation. USDA’s national base hog price also slipped to $92.27 on Wednesday afternoon, down 38 cents.
Lean hog futures were down 35 to 57 cents in the front months, while deferred contracts gained 40 cents to $1.10. Open interest fell by 662 contracts, pointing to a rotation of ownership rather than broad liquidation. USDA’s national base hog price also slipped to $92.27 on Wednesday afternoon, down 38 cents.
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mildly negative
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