Lean hog futures fell about $0.10 in the front months on Tuesday while USDA reported the national base hog price at $92.04, up $6 from the prior day. The CME Lean Hog Index was $91.76 on March 13, up $0.16. The split between modest futures weakness and stronger cash/index prints points to near-term price volatility for hogs but limited broader market implications.
Lean hog futures fell about $0.10 in the front months on Tuesday while USDA reported the national base hog price at $92.04, up $6 from the prior day. The CME Lean Hog Index was $91.76 on March 13, up $0.16. The split between modest futures weakness and stronger cash/index prints points to near-term price volatility for hogs but limited broader market implications.
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