Hog Bulls Looking a for Turnaround Tuesday Bounce

Lean hog futures finished Monday lower by 40 cents to $1.15, while open interest fell by 479 contracts, signaling softer positioning. USDA’s national base hog price rose to $97.25, up $1.98 from the prior day, even as the CME Lean Hog Index slipped 15 cents. The piece is mostly a routine price update with a modestly negative tone for futures.

Analysis

Lean hog futures finished Monday lower by 40 cents to $1.15, while open interest fell by 479 contracts, signaling softer positioning. USDA’s national base hog price rose to $97.25, up $1.98 from the prior day, even as the CME Lean Hog Index slipped 15 cents. The piece is mostly a routine price update with a modestly negative tone for futures.