Hogs Look to New Week of Trade Following Recent Weakness

Lean hog futures finished Friday down 1/4 cent to 67 cents, with June down $2.67 on the week and open interest falling 3,949 contracts. USDA’s national base hog price rose 12 cents to $90.28, providing some offset, but the overall tone was softer amid weaker futures and declining participation.

Analysis

Lean hog futures finished Friday down 1/4 cent to 67 cents, with June down $2.67 on the week and open interest falling 3,949 contracts. USDA’s national base hog price rose 12 cents to $90.28, providing some offset, but the overall tone was softer amid weaker futures and declining participation.