Lean hog futures fell 25 cents to $1.65 at the Thursday close, while open interest dropped 3,105 contracts, suggesting modest long liquidation. USDA’s national base hog price also eased to $92.64, down 61 cents from the prior day. The tone is mildly bearish for hog prices, though the update appears more descriptive than market-moving.
Lean hog futures fell 25 cents to $1.65 at the Thursday close, while open interest dropped 3,105 contracts, suggesting modest long liquidation. USDA’s national base hog price also eased to $92.64, down 61 cents from the prior day. The tone is mildly bearish for hog prices, though the update appears more descriptive than market-moving.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
