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Hogs Faces Pressure on Friday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures fell 62 cents to $1.67 at Friday’s close, with the June contract down 62 cents on the week. USDA’s national base hog price slipped to $92.64, down 61 cents from the prior day, while the CME Lean Hog Index was still edging higher. The article points to softer hog futures pricing despite mixed cash/index signals.

Analysis

Lean hog futures fell 62 cents to $1.67 at Friday’s close, with the June contract down 62 cents on the week. USDA’s national base hog price slipped to $92.64, down 61 cents from the prior day, while the CME Lean Hog Index was still edging higher. The article points to softer hog futures pricing despite mixed cash/index signals.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25