Hog Traders Look to Tuesday Trade

Lean hog futures were down 12 cents to up 27 cents across the board, while open interest rose by 2,164 contracts, indicating modest new buying. USDA’s national base hog price slipped 18 cents to $90.24 on Monday afternoon. The update is slightly negative for hog pricing but largely routine market and flow data.

Analysis

Lean hog futures were down 12 cents to up 27 cents across the board, while open interest rose by 2,164 contracts, indicating modest new buying. USDA’s national base hog price slipped 18 cents to $90.24 on Monday afternoon. The update is slightly negative for hog pricing but largely routine market and flow data.