Lean hog futures rallied Wednesday, with contracts up 55 cents to $2.92, led by the front months. Open interest rose by 2,460 contracts, indicating fresh buying interest, while USDA's national base hog price was reported at $95.51. The May contract, set to expire Thursday, was down a tick, but the broader tone was constructive for the hog complex.
Lean hog futures rallied Wednesday, with contracts up 55 cents to $2.92, led by the front months. Open interest rose by 2,460 contracts, indicating fresh buying interest, while USDA's national base hog price was reported at $95.51. The May contract, set to expire Thursday, was down a tick, but the broader tone was constructive for the hog complex.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
