Lean hog futures are down 97 cents to $1.50 at midday, while the CME Lean Hog Index slipped 11 cents to $91.30 on April 30. USDA’s national base hog price was not reported Monday morning due to light volume, pointing to a quiet but weaker tone in the market. The update is mainly a pricing/flow snapshot rather than a major fundamental catalyst.
Lean hog futures are down 97 cents to $1.50 at midday, while the CME Lean Hog Index slipped 11 cents to $91.30 on April 30. USDA’s national base hog price was not reported Monday morning due to light volume, pointing to a quiet but weaker tone in the market. The update is mainly a pricing/flow snapshot rather than a major fundamental catalyst.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
