Hog Bulls Look to Extend Gains to Wednesday

Lean hog futures recovered on Tuesday, with contracts up 12 cents to $1.47 at the close after gapping higher. Open interest fell by 1,633 contracts, while USDA’s national base hog price rose 52 cents to $92.65. The report is largely routine price-action and cash-market data, suggesting limited broader market impact.

Analysis

Lean hog futures recovered on Tuesday, with contracts up 12 cents to $1.47 at the close after gapping higher. Open interest fell by 1,633 contracts, while USDA’s national base hog price rose 52 cents to $92.65. The report is largely routine price-action and cash-market data, suggesting limited broader market impact.