Lean hog futures fell 5 to 72 cents on Tuesday, though the April contract was steady ahead of Wednesday expiration. USDA’s national base hog price rose to $90.77, up $1.73 from the prior day, while the CME Lean Hog Index slipped by a penny on April. The move is modest and appears more reflective of routine futures/spot price action than a broad market catalyst.
Lean hog futures fell 5 to 72 cents on Tuesday, though the April contract was steady ahead of Wednesday expiration. USDA’s national base hog price rose to $90.77, up $1.73 from the prior day, while the CME Lean Hog Index slipped by a penny on April. The move is modest and appears more reflective of routine futures/spot price action than a broad market catalyst.
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mildly negative
Sentiment Score
-0.15
