Lean hog futures fell Friday by 30 cents to $2.80, with July leading the decline, while June was down $1.55 on the week. USDA’s national base hog price slipped $1.81 on Friday to $93.85, and open interest declined by 4,142 contracts, indicating softer pricing and reduced positioning. The update is negative for hog futures but appears more market-specific than sector-wide.
Lean hog futures fell Friday by 30 cents to $2.80, with July leading the decline, while June was down $1.55 on the week. USDA’s national base hog price slipped $1.81 on Friday to $93.85, and open interest declined by 4,142 contracts, indicating softer pricing and reduced positioning. The update is negative for hog futures but appears more market-specific than sector-wide.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
Ticker Sentiment
