Lean hog futures fell 80 cents to $2.62 at the close, while June finished only 10 cents higher on the week. USDA's national base hog price was $93.23 on Friday afternoon, down 41 cents from the prior day, though the CME Lean Hog Index was modestly higher. The tone is slightly bearish for hog prices, but the move appears routine and unlikely to have broad market impact.
Lean hog futures fell 80 cents to $2.62 at the close, while June finished only 10 cents higher on the week. USDA's national base hog price was $93.23 on Friday afternoon, down 41 cents from the prior day, though the CME Lean Hog Index was modestly higher. The tone is slightly bearish for hog prices, but the move appears routine and unlikely to have broad market impact.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
