Lean hog futures were down 0.05 to 0.60 in nearby contracts on Friday, while USDA’s national base hog price fell to $89.39, down $0.51 from the prior day. The CME Lean Hog Index also edged lower by $0.01 to $90.29 on April 8. The article points to modest softness in hog pricing and futures, but the move is small and mostly routine.
Lean hog futures were down 0.05 to 0.60 in nearby contracts on Friday, while USDA’s national base hog price fell to $89.39, down $0.51 from the prior day. The CME Lean Hog Index also edged lower by $0.01 to $90.29 on April 8. The article points to modest softness in hog pricing and futures, but the move is small and mostly routine.
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mildly negative
Sentiment Score
-0.12
