Lean hog futures fell 62 cents to $1.67 at Friday's close, with June down 62 cents on the week. USDA's national base hog price was $92.64 on Friday morning, down 61 cents from the prior day, while the CME Lean Hog Index was also ticking higher. The move points to softer near-term hog price action, but the update is routine and likely limited in broader market impact.
Lean hog futures fell 62 cents to $1.67 at Friday's close, with June down 62 cents on the week. USDA's national base hog price was $92.64 on Friday morning, down 61 cents from the prior day, while the CME Lean Hog Index was also ticking higher. The move points to softer near-term hog price action, but the update is routine and likely limited in broader market impact.
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mildly negative
Sentiment Score
-0.20
