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Market Impact: 0.22

Hogs Look to React to Friendlier USDA Data

Commodity FuturesFutures & OptionsMarket Technicals & FlowsCommodities & Raw MaterialsInvestor Sentiment & Positioning

Lean hog futures fell Thursday by 10 cents to $1.15 in the front months, while deferred contracts were steady to 37 cents higher. Open interest rose by 2,921 contracts, led by October and beyond, indicating fresh positioning despite the weaker nearby tone. USDA's national base hog price was $95.29, down 27 cents, adding to the soft lean hog market bias.

Analysis

Lean hog futures fell Thursday by 10 cents to $1.15 in the front months, while deferred contracts were steady to 37 cents higher. Open interest rose by 2,921 contracts, led by October and beyond, indicating fresh positioning despite the weaker nearby tone. USDA's national base hog price was $95.29, down 27 cents, adding to the soft lean hog market bias.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

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