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Market Impact: 0.2

Hogs Closes Higher on Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsDerivatives & VolatilityMarket Technicals & Flows

Lean hog futures rose $0.22–$0.65 on Tuesday. USDA reported the national base hog price at $92.18, up $1.45 day-over-day, and the CME Lean Hog Index was $91.76, up $0.16 on March 13, indicating modestly firmer cash and futures pork markets that are notable for the sector but unlikely to move broader markets materially.

Analysis

Lean hog futures rose $0.22–$0.65 on Tuesday. USDA reported the national base hog price at $92.18, up $1.45 day-over-day, and the CME Lean Hog Index was $91.76, up $0.16 on March 13, indicating modestly firmer cash and futures pork markets that are notable for the sector but unlikely to move broader markets materially.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15