Hogs Look to Wednesday After Mixed Tuesday Trade

Front-month April lean hog futures rose $0.30 while other contracts fell $0.35–$0.70. USDA's national base hog price was $90.82 (Tuesday afternoon) and the CME Lean Hog Index dipped $0.08 to $89.93 on April 3, indicating mixed short-term price action rather than a clear market trend.

Analysis

Front-month April lean hog futures rose $0.30 while other contracts fell $0.35–$0.70. USDA's national base hog price was $90.82 (Tuesday afternoon) and the CME Lean Hog Index dipped $0.08 to $89.93 on April 3, indicating mixed short-term price action rather than a clear market trend.