Hogs Slip Lower on Wednesday

Lean hog futures were steady to 50 cents lower on Wednesday, with the expiring April contract up 20 cents. USDA’s national base hog price rose $1.11 day over day to $91.88, while the CME Lean Hog Index increased 6 cents to $90.33 on April 13. The update is largely routine price action with modest support from firmer cash and index values.

Analysis

Lean hog futures were steady to 50 cents lower on Wednesday, with the expiring April contract up 20 cents. USDA’s national base hog price rose $1.11 day over day to $91.88, while the CME Lean Hog Index increased 6 cents to $90.33 on April 13. The update is largely routine price action with modest support from firmer cash and index values.