Lean hog futures were range-bound but biased higher Thursday, with contracts from $1.20 lower to 30 cents higher. USDA’s national base hog price was $96.95 as of Wednesday afternoon, up 6 cents day-over-day, while the CME Lean Hog Index rose 32 cents on July 7. Overall movement appears modest, suggesting slight near-term support rather than a major price regime change.
Lean hog futures were range-bound but biased higher Thursday, with contracts from $1.20 lower to 30 cents higher. USDA’s national base hog price was $96.95 as of Wednesday afternoon, up 6 cents day-over-day, while the CME Lean Hog Index rose 32 cents on July 7. Overall movement appears modest, suggesting slight near-term support rather than a major price regime change.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.12
