Lean hog futures closed 20 to 77 cents lower, with the April contract down $2.175 on the week. USDA’s national base hog price was reported at $90.38, down $2.42 from the prior day. The price weakness points to near-term softness in the hog market and could pressure meat processor margins and short-term livestock positioning.
Lean hog futures closed 20 to 77 cents lower, with the April contract down $2.175 on the week. USDA’s national base hog price was reported at $90.38, down $2.42 from the prior day. The price weakness points to near-term softness in the hog market and could pressure meat processor margins and short-term livestock positioning.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
