Hogs Look to Thursday Following Weaker Midweek Action

Lean hog futures weakened, with some deferred contracts down $0.10 and June closing at $2.40. USDA's national base hog price was not reported Wednesday due to light volume, while the CME Lean Hog Index was up $0.13 on April 3. Light trading indicates limited liquidity and modest downside pressure on hog futures.

Analysis

Lean hog futures weakened, with some deferred contracts down $0.10 and June closing at $2.40. USDA's national base hog price was not reported Wednesday due to light volume, while the CME Lean Hog Index was up $0.13 on April 3. Light trading indicates limited liquidity and modest downside pressure on hog futures.