Hogs Leaking Lower at Midday

Lean hog futures fell 7 to 60 cents in the front months at Tuesday midday; USDA reported the national base hog price at $90.83 and the CME Lean Hog Index was down 8 cents to $89.93 on April 3. These are modest, routine intraday declines reflecting mild downside pressure in hog markets.

Analysis

Lean hog futures fell 7 to 60 cents in the front months at Tuesday midday; USDA reported the national base hog price at $90.83 and the CME Lean Hog Index was down 8 cents to $89.93 on April 3. These are modest, routine intraday declines reflecting mild downside pressure in hog markets.