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Market Impact: 0.2

Hogs Traders Look to Wednesday

Commodity FuturesFutures & OptionsMarket Technicals & FlowsCommodities & Raw Materials

Lean hog futures fell 75 cents to $1.80 across most contracts on Tuesday, with only May edging up a nickel. Open interest increased by 4,306 contracts, while USDA’s national base hog price was reported at $95.19 and the CME Lean Hog Index slipped 38 cents on May, signaling softer near-term sentiment.

Analysis

Lean hog futures fell 75 cents to $1.80 across most contracts on Tuesday, with only May edging up a nickel. Open interest increased by 4,306 contracts, while USDA’s national base hog price was reported at $95.19 and the CME Lean Hog Index slipped 38 cents on May, signaling softer near-term sentiment.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20