Lean hog futures are higher Wednesday, up about $1.60 to $2.05 across contracts, with August gaining a nickel. USDA’s national base hog price rose to $100.70, up $3.83 day-over-day, and the CME Lean Hog Index increased $0.76 to $93.87 (July 13). Overall, the news points to modest upside momentum in hogs rather than a major shock.
Lean hog futures are higher Wednesday, up about $1.60 to $2.05 across contracts, with August gaining a nickel. USDA’s national base hog price rose to $100.70, up $3.83 day-over-day, and the CME Lean Hog Index increased $0.76 to $93.87 (July 13). Overall, the news points to modest upside momentum in hogs rather than a major shock.
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mildly positive
Sentiment Score
0.25
