Lean hog futures stayed mixed, with most contracts ending the week down $0.67 to $0.85, while August rose $0.25 WoW. Open interest fell by 9,936 contracts on Friday, suggesting reduced positioning. USDA’s national base hog price increased $1.25 to $98.30 in the Friday PM report, providing some support but not enough to fully reverse the broader futures softness.
Lean hog futures stayed mixed, with most contracts ending the week down $0.67 to $0.85, while August rose $0.25 WoW. Open interest fell by 9,936 contracts on Friday, suggesting reduced positioning. USDA’s national base hog price increased $1.25 to $98.30 in the Friday PM report, providing some support but not enough to fully reverse the broader futures softness.
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mildly negative
Sentiment Score
-0.15
