Lean hog futures are down another 22 to 85 cents in the front months, signaling near-term weakness in the hog complex. Offsetting that move, USDA's national base hog price rose to $97.17, up $1.16 on the day, while the CME Lean Hog Index ticked up to $92.63 on June 4. The mixed price action suggests soft futures sentiment despite firmer cash and index levels.
Lean hog futures are down another 22 to 85 cents in the front months, signaling near-term weakness in the hog complex. Offsetting that move, USDA's national base hog price rose to $97.17, up $1.16 on the day, while the CME Lean Hog Index ticked up to $92.63 on June 4. The mixed price action suggests soft futures sentiment despite firmer cash and index levels.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
Ticker Sentiment
