Lean hog futures rose 65 cents to $1.80 on Tuesday, while USDA’s national base hog price was not reported due to packer submission issues. The CME Lean Hog Index slipped 27 cents to $91.03 on May 1, indicating a slightly softer cash backdrop. The update is mainly market color for hogs and futures traders rather than a broad catalyst.
Lean hog futures rose 65 cents to $1.80 on Tuesday, while USDA’s national base hog price was not reported due to packer submission issues. The CME Lean Hog Index slipped 27 cents to $91.03 on May 1, indicating a slightly softer cash backdrop. The update is mainly market color for hogs and futures traders rather than a broad catalyst.
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neutral
Sentiment Score
0.05
