Lean hog futures are lower by 45 cents to $1.60 at midday, reflecting a softer tone in the contract. USDA’s national base hog price fell 92 cents to $92.51 on Friday morning, partially offset by a 10-cent rise in the CME Lean Hog Index on April 28. The update is relevant for hog and livestock futures but appears to be a routine price action report.
Lean hog futures are lower by 45 cents to $1.60 at midday, reflecting a softer tone in the contract. USDA’s national base hog price fell 92 cents to $92.51 on Friday morning, partially offset by a 10-cent rise in the CME Lean Hog Index on April 28. The update is relevant for hog and livestock futures but appears to be a routine price action report.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
