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Hog Bulls Gaining Ground on Tuesday

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures are up 12 to 72 cents so far Tuesday, supported by USDA’s national base hog price of 97.05. The CME Lean Hog Index fell 14 cents on June 26 to $91.41, while the USDA pork carcass cutout value was $2.96 lower, indicating mixed fundamentals but near-term price strength in the futures complex.

Analysis

Lean hog futures are up 12 to 72 cents so far Tuesday, supported by USDA’s national base hog price of 97.05. The CME Lean Hog Index fell 14 cents on June 26 to $91.41, while the USDA pork carcass cutout value was $2.96 lower, indicating mixed fundamentals but near-term price strength in the futures complex.

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