Hogs Look to Tuesday Following Mixed Monday Action

Lean hog futures finished mixed on Monday, with front-month contracts down 5 to 67 cents while deferred months rose 7 to 42 cents. USDA’s national base hog price fell 32 cents to $89.04, indicating slightly softer cash fundamentals, while the CME Lean Hog Index was also lower. The update reflects modest near-term pressure in the hog market rather than a major price shock.

Analysis

Lean hog futures finished mixed on Monday, with front-month contracts down 5 to 67 cents while deferred months rose 7 to 42 cents. USDA’s national base hog price fell 32 cents to $89.04, indicating slightly softer cash fundamentals, while the CME Lean Hog Index was also lower. The update reflects modest near-term pressure in the hog market rather than a major price shock.