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Market Impact: 0.3

Hogs Look to Thursday Action Following Wednesday Gains

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Lean hog futures rose 20 to 75 cents across most contracts on Wednesday, while August slipped about 5 cents. USDA’s national base hog price was $101.08, up 86 cents from the prior day, and open interest increased by 199 contracts, suggesting improving activity alongside firmer prices.

Analysis

Lean hog futures rose 20 to 75 cents across most contracts on Wednesday, while August slipped about 5 cents. USDA’s national base hog price was $101.08, up 86 cents from the prior day, and open interest increased by 199 contracts, suggesting improving activity alongside firmer prices.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25