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Market Impact: 0.2

Hogs Look to Wednesday after Mixed Tuesday

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsEconomic Data

Lean hog futures were mixed on Tuesday, with most contracts ranging from up 35 cents to down 40 cents. USDA’s national base hog price fell 22 cents to $98.56, while open interest rose by 6,944 contracts, suggesting modest activity but a slightly weaker price tone into the close.

Analysis

Lean hog futures were mixed on Tuesday, with most contracts ranging from up 35 cents to down 40 cents. USDA’s national base hog price fell 22 cents to $98.56, while open interest rose by 6,944 contracts, suggesting modest activity but a slightly weaker price tone into the close.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15