Hogs Close with Mixed Trade on Tuesday and Weaker Front Months

Lean hog futures were down 30 cents in nearby contracts, while deferred contracts from December onward were up a tick to 30 cents, indicating mixed trading across the curve. USDA's national base hog price rose to $97.57 on Tuesday afternoon, up 32 cents from the prior day, suggesting a firmer cash market despite near-term futures weakness.

Analysis

Lean hog futures were down 30 cents in nearby contracts, while deferred contracts from December onward were up a tick to 30 cents, indicating mixed trading across the curve. USDA's national base hog price rose to $97.57 on Tuesday afternoon, up 32 cents from the prior day, suggesting a firmer cash market despite near-term futures weakness.