Hogs Closed Mixed on Friday, as Pork Sees Some Strength

Lean hog futures showed a mixed week, with contracts ranging from up 85 cents to down 67 cents. August gained 25 cents on the week, while USDA’s national base hog price rose $1.25 to $98.30, and the CME Lean Hog Index was up 37 cents. Overall, price action appears choppy rather than directional.

Analysis

Lean hog futures showed a mixed week, with contracts ranging from up 85 cents to down 67 cents. August gained 25 cents on the week, while USDA’s national base hog price rose $1.25 to $98.30, and the CME Lean Hog Index was up 37 cents. Overall, price action appears choppy rather than directional.