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Market Impact: 0.18

Hogs Slip Lower on Tuesday

CME
Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures finished Tuesday down 20 to 77 cents across contracts, while USDA's national base hog price rose $2.32 to $92.56. The CME Lean Hog Index edged down 18 cents to $91.26 on April 24, indicating mixed near-term price signals. The update is modestly bearish for hog futures but appears more routine than market-moving.

Analysis

Lean hog futures finished Tuesday down 20 to 77 cents across contracts, while USDA's national base hog price rose $2.32 to $92.56. The CME Lean Hog Index edged down 18 cents to $91.26 on April 24, indicating mixed near-term price signals. The update is modestly bearish for hog futures but appears more routine than market-moving.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

CME-0.10