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Hogs Look to Friday Trade

Commodity FuturesFutures & OptionsInvestor Sentiment & PositioningMarket Technicals & FlowsCompany Fundamentals

Lean hog futures finished Thursday 20 to 82 cents higher, with open interest rising 2,602 contracts, pointing to modest new buying. USDA’s national base hog price was not reported due to thinner volume, while the CME Lean Hog Index was up 54 cents. The update is largely routine market flow data with a slightly constructive tone for hog prices.

Analysis

Lean hog futures finished Thursday 20 to 82 cents higher, with open interest rising 2,602 contracts, pointing to modest new buying. USDA’s national base hog price was not reported due to thinner volume, while the CME Lean Hog Index was up 54 cents. The update is largely routine market flow data with a slightly constructive tone for hog prices.

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