Hogs Look to Round Out Week of Weakness

Lean hog futures were mostly lower on Thursday, with contracts down as much as 67 cents, while open interest fell by 1,538 contracts. USDA’s national base hog price declined to $90.16, down $1.742 from the prior day. The weaker price action and falling open interest point to modest near-term bearish pressure in the hog market.

Analysis

Lean hog futures were mostly lower on Thursday, with contracts down as much as 67 cents, while open interest fell by 1,538 contracts. USDA’s national base hog price declined to $90.16, down $1.742 from the prior day. The weaker price action and falling open interest point to modest near-term bearish pressure in the hog market.