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Market Impact: 0.15

Hogs Face Pressure on Thursday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures closed down 25 cents to $1.65, while USDA’s national base hog price slipped 61 cents to $92.64 on Thursday. The CME Lean Hog Index, however, rose 12 cents to $91.31 on April 28, indicating mixed near-term pricing signals in the hog market. The note also references export sales data, but no additional details are provided.

Analysis

Lean hog futures closed down 25 cents to $1.65, while USDA’s national base hog price slipped 61 cents to $92.64 on Thursday. The CME Lean Hog Index, however, rose 12 cents to $91.31 on April 28, indicating mixed near-term pricing signals in the hog market. The note also references export sales data, but no additional details are provided.

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