Lean hog futures were mixed on Friday: the April contract fell $0.05 while other maturities gained $0.20–$0.67; April was down $0.10 on the week. Open interest declined by 1,851 contracts and USDA's national base hog price was reported at $91.69 on Friday afternoon. These are modest, routine moves in the livestock futures market and do not imply a significant directional shift.
Lean hog futures were mixed on Friday: the April contract fell $0.05 while other maturities gained $0.20–$0.67; April was down $0.10 on the week. Open interest declined by 1,851 contracts and USDA's national base hog price was reported at $91.69 on Friday afternoon. These are modest, routine moves in the livestock futures market and do not imply a significant directional shift.
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