Lean hog futures were down about 25%? (reported as a quarter) to $2.02 so far on Tuesday, with USDA’s national base hog price not released due to thin trade. The CME Lean Hog Index fell 12 cents to $91.55 (July 2), while CFTC data showed managed money adding 1,807 contracts, suggesting position-building alongside weaker pricing.
Lean hog futures were down about 25%? (reported as a quarter) to $2.02 so far on Tuesday, with USDA’s national base hog price not released due to thin trade. The CME Lean Hog Index fell 12 cents to $91.55 (July 2), while CFTC data showed managed money adding 1,807 contracts, suggesting position-building alongside weaker pricing.
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mildly negative
Sentiment Score
-0.25
Ticker Sentiment
