Hogs Post Front Month Gains on Tuesday

Lean hog futures rose 47 to 92 cents in the nearbys, while deferred contracts fell 32 to 47 cents. USDA’s national base hog price was 97.58, and the CME Lean Hog Index declined 14 cents to $91.41 (June 26). Overall, the move is modest and suggests a mixed near-term vs. deferred outlook.

Analysis

Lean hog futures rose 47 to 92 cents in the nearbys, while deferred contracts fell 32 to 47 cents. USDA’s national base hog price was 97.58, and the CME Lean Hog Index declined 14 cents to $91.41 (June 26). Overall, the move is modest and suggests a mixed near-term vs. deferred outlook.