Lean hog futures recovered on Tuesday, with contracts closing 12 cents to $1.47 higher after opening with a gap up. USDA’s national base hog price rose to $92.65, up 52 cents from the prior day, while the CME Lean Hog Index was down 14 cents on April data. The move reflects modestly firmer cash pricing against mixed index signals.
Lean hog futures recovered on Tuesday, with contracts closing 12 cents to $1.47 higher after opening with a gap up. USDA’s national base hog price rose to $92.65, up 52 cents from the prior day, while the CME Lean Hog Index was down 14 cents on April data. The move reflects modestly firmer cash pricing against mixed index signals.
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neutral
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