Hogs Look to Round Out the Week

Lean hog futures fell for a second session, closing down 5 cents to $1.15 lower on Wednesday. USDA’s national base hog price was $96.92, down 66 cents from the prior day, while the CME Lean Hog Index was 17 cents lower (June 29). Overall, the near-term price action suggests easing hog values rather than a bullish reversal.

Analysis

Lean hog futures fell for a second session, closing down 5 cents to $1.15 lower on Wednesday. USDA’s national base hog price was $96.92, down 66 cents from the prior day, while the CME Lean Hog Index was 17 cents lower (June 29). Overall, the near-term price action suggests easing hog values rather than a bullish reversal.