Hogs Falling into the Long Weekend

Lean hog futures fell 40–60 cents on Thursday, while the CME Lean Hog Index slipped 4 cents to $90.41 on March 31. USDA’s national base hog price was not reported Thursday morning due to low volume. Note that Thursday is the last trade day (article truncated), implying near-term liquidity and trading-window considerations for hog futures participants.

Analysis

Lean hog futures fell 40–60 cents on Thursday, while the CME Lean Hog Index slipped 4 cents to $90.41 on March 31. USDA’s national base hog price was not reported Thursday morning due to low volume. Note that Thursday is the last trade day (article truncated), implying near-term liquidity and trading-window considerations for hog futures participants.