Hogs Posting Strength on Friday

Lean hog futures are up a tick to $1.10 in the front months, while the USDA national base hog price was not reported Friday morning. The CME Lean Hog Index slipped 7 cents to $91.78 on June 24, and USDA Hogs and Pigs data on June 1 hog inventory provide the broader fundamental backdrop. The report is largely factual and incremental, with limited immediate market impact.

Analysis

Lean hog futures are up a tick to $1.10 in the front months, while the USDA national base hog price was not reported Friday morning. The CME Lean Hog Index slipped 7 cents to $91.78 on June 24, and USDA Hogs and Pigs data on June 1 hog inventory provide the broader fundamental backdrop. The report is largely factual and incremental, with limited immediate market impact.