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Hogs Posting Midweek Bounce on Wednesday

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & Prices

Lean hog futures are up midday by 82 cents to $3 across most contracts on Wednesday. USDA’s national base hog price was $96.89, while the CME Lean Hog Index rose 11 cents to $91.66 (July 2). The article also notes movement in USDA pork carcass cutout values, indicating improving spot/forward pricing momentum.

Analysis

Lean hog futures are up midday by 82 cents to $3 across most contracts on Wednesday. USDA’s national base hog price was $96.89, while the CME Lean Hog Index rose 11 cents to $91.66 (July 2). The article also notes movement in USDA pork carcass cutout values, indicating improving spot/forward pricing momentum.

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