Hogs Face Weakness on Thursday

Lean hog futures were mostly lower on Thursday, falling by a tick to 67 cents. USDA’s national base hog price dropped $1.742 to $90.16, even as the CME Lean Hog Index rose 27 cents to $90.60 on April 14. The mixed pricing signals point to mild near-term softness in hog futures.

Analysis

Lean hog futures were mostly lower on Thursday, falling by a tick to 67 cents. USDA’s national base hog price dropped $1.742 to $90.16, even as the CME Lean Hog Index rose 27 cents to $90.60 on April 14. The mixed pricing signals point to mild near-term softness in hog futures.