Hogs Look to Close Out the Week

Lean hog futures were mixed at the close Thursday, with August down $1.50 and some deferred contracts up to +30 cents. USDA’s national base hog price was $97.05, down 74 cents from the prior reading. Open interest fell by 3,927 contracts, suggesting slightly lower positioning into the next cycle.

Analysis

Lean hog futures were mixed at the close Thursday, with August down $1.50 and some deferred contracts up to +30 cents. USDA’s national base hog price was $97.05, down 74 cents from the prior reading. Open interest fell by 3,927 contracts, suggesting slightly lower positioning into the next cycle.