Hogs Falling Back at Thursday’s Midday

Lean hog futures are down 67 cents to $1.37 at midday, while USDA’s national base hog price rose 56 cents to $93.43 and the CME Lean Hog Index increased 12 cents to $91.31 on April 28. The update is largely a mixed, routine market snapshot with price weakness in futures offset by firmer cash and index values. Export sales data from USDA is mentioned but not detailed.

Analysis

Lean hog futures are down 67 cents to $1.37 at midday, while USDA’s national base hog price rose 56 cents to $93.43 and the CME Lean Hog Index increased 12 cents to $91.31 on April 28. The update is largely a mixed, routine market snapshot with price weakness in futures offset by firmer cash and index values. Export sales data from USDA is mentioned but not detailed.