Lean hog futures were trading up a tick to $0.40 at midday. USDA reported the national base hog price at $86.04 (down $6.05 day-over-day) and the CME Lean Hog Index was $91.60 (+$0.16 on Mar 12); the moves are small but the sharp daily decline in the base price points to near-term volatility that market participants and managed-money positions will watch.
Lean hog futures were trading up a tick to $0.40 at midday. USDA reported the national base hog price at $86.04 (down $6.05 day-over-day) and the CME Lean Hog Index was $91.60 (+$0.16 on Mar 12); the moves are small but the sharp daily decline in the base price points to near-term volatility that market participants and managed-money positions will watch.
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