Hogs Find Bargain Buyers on Wednesday

Lean hog futures were mixed, with July down 15 cents and the rest of the contract strip up 20 cents to $1.45. USDA’s national base hog price rose 18 cents to $97.75, while the CME Lean Hog Index was down 16 cents, indicating mostly steady but slightly divergent pricing signals across the hog market.

Analysis

Lean hog futures were mixed, with July down 15 cents and the rest of the contract strip up 20 cents to $1.45. USDA’s national base hog price rose 18 cents to $97.75, while the CME Lean Hog Index was down 16 cents, indicating mostly steady but slightly divergent pricing signals across the hog market.