Lean hog futures are down $0.15 to $1.12 on Thursday, signaling near-term price pressure. USDA’s national base hog price rose to $92.75 in the Thursday AM report (+$0.51 vs. the prior day), but the CME Lean Hog Index fell another $0.82 on Aug. 18, suggesting weakening underlying cash/benchmark support.
Lean hog futures are down $0.15 to $1.12 on Thursday, signaling near-term price pressure. USDA’s national base hog price rose to $92.75 in the Thursday AM report (+$0.51 vs. the prior day), but the CME Lean Hog Index fell another $0.82 on Aug. 18, suggesting weakening underlying cash/benchmark support.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
