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Hogs Slipping Lower on Wednesday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & FlowsDerivatives & Volatility

Lean hog futures fell 22–55 cents on Wednesday. USDA’s national base hog price was not reported due to light volume, while the CME Lean Hog Index rose $0.10 to $91.86 on March 16. The article also references USDA’s pork carcass cutout value from the Wednesday AM report (detail not provided).

Analysis

Lean hog futures fell 22–55 cents on Wednesday. USDA’s national base hog price was not reported due to light volume, while the CME Lean Hog Index rose $0.10 to $91.86 on March 16. The article also references USDA’s pork carcass cutout value from the Wednesday AM report (detail not provided).

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mildly negative

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