Lean hog futures were up 40–60 cents at midday. USDA’s national base hog price rose to $101.76, up 72 cents vs. the prior day, while the CME Lean Hog Index increased 56 cents to $97.08 (July 21). Weekly export sales were cited as part of the backdrop, but the immediate tape is being driven by the day-over-day price strength.
Lean hog futures were up 40–60 cents at midday. USDA’s national base hog price rose to $101.76, up 72 cents vs. the prior day, while the CME Lean Hog Index increased 56 cents to $97.08 (July 21). Weekly export sales were cited as part of the backdrop, but the immediate tape is being driven by the day-over-day price strength.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
