Lean hog futures were steady to up about $0.50 on Friday, while August futures slipped $3.35 on the week. USDA’s national base hog price fell to $97.67 on Friday afternoon, down 63 cents day-over-day. The CME Lean Hog Index was also down 29 cents on August 4, pointing to softer nearby cash-index support despite modest futures strength.
Lean hog futures were steady to up about $0.50 on Friday, while August futures slipped $3.35 on the week. USDA’s national base hog price fell to $97.67 on Friday afternoon, down 63 cents day-over-day. The CME Lean Hog Index was also down 29 cents on August 4, pointing to softer nearby cash-index support despite modest futures strength.
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neutral
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