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Hogs Falling Back on Friday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures are down 45 to 85 cents on Friday, pointing to mild pressure in the hog complex. USDA’s national base hog price was $90.76, while the CME Lean Hog Index rose 6 cents to $90.66 on April 15. The report also references the pork carcass cutout value, but no additional figures were provided in the excerpt.

Analysis

Lean hog futures are down 45 to 85 cents on Friday, pointing to mild pressure in the hog complex. USDA’s national base hog price was $90.76, while the CME Lean Hog Index rose 6 cents to $90.66 on April 15. The report also references the pork carcass cutout value, but no additional figures were provided in the excerpt.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15