Hogs Post Mixed Trade to Close the Week

Lean hog futures were 5 to 27 cents higher in nearby contracts on Thursday, but December and beyond fell 12 to 32 cents, leaving the July contract down $2.42 for the week. USDA’s national base hog price slipped to $97.19, down 56 cents from the prior day, indicating softer underlying cash pricing despite mixed futures performance.

Analysis

Lean hog futures were 5 to 27 cents higher in nearby contracts on Thursday, but December and beyond fell 12 to 32 cents, leaving the July contract down $2.42 for the week. USDA’s national base hog price slipped to $97.19, down 56 cents from the prior day, indicating softer underlying cash pricing despite mixed futures performance.