Hogs Close Mixed Thursday, as July Remains Weak

Lean hog futures fell Thursday, with front-month contracts down 10 cents to $1.15, while deferred months were steady to 37 cents higher. USDA's national base hog price slipped to $95.29, down 27 cents from the prior day. The update is modestly negative for near-term hog pricing but appears more like routine commodity trading than a major market catalyst.

Analysis

Lean hog futures fell Thursday, with front-month contracts down 10 cents to $1.15, while deferred months were steady to 37 cents higher. USDA's national base hog price slipped to $95.29, down 27 cents from the prior day. The update is modestly negative for near-term hog pricing but appears more like routine commodity trading than a major market catalyst.