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Hogs Rally on Wednesday

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices

Lean hog futures closed up $1.05 to $3.87 on Wednesday. USDA’s national base hog price rose to $97.79, up $1.37 from the prior day, while the CME Lean Hog Index was $91.66 (up $0.11 on July 2). The USDA pork carcass cutout value was also cited as part of the upward move.

Analysis

Lean hog futures closed up $1.05 to $3.87 on Wednesday. USDA’s national base hog price rose to $97.79, up $1.37 from the prior day, while the CME Lean Hog Index was $91.66 (up $0.11 on July 2). The USDA pork carcass cutout value was also cited as part of the upward move.

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