Lean hog futures were mixed on Wednesday, with front-month contracts down 35 to 57 cents while deferred contracts rose 40 cents to $1.10. USDA’s national base hog price slipped to $92.27, down 38 cents from the prior day, indicating modest near-term pressure in the hog market. The report is routine pricing action rather than a major catalyst.
Lean hog futures were mixed on Wednesday, with front-month contracts down 35 to 57 cents while deferred contracts rose 40 cents to $1.10. USDA’s national base hog price slipped to $92.27, down 38 cents from the prior day, indicating modest near-term pressure in the hog market. The report is routine pricing action rather than a major catalyst.
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mildly negative
Sentiment Score
-0.15
