Lean hog futures fell 30 cents to $2.80 on Friday, with July leading the losses, while June was down $1.55 for the week. USDA’s national base hog price slipped to $93.85 Friday PM, down $1.81 from the prior day, indicating softer near-term pricing. The CME Lean Hog Index was up 26 cents on June, partially offsetting the weakness in futures and cash market pricing.
Lean hog futures fell 30 cents to $2.80 on Friday, with July leading the losses, while June was down $1.55 for the week. USDA’s national base hog price slipped to $93.85 Friday PM, down $1.81 from the prior day, indicating softer near-term pricing. The CME Lean Hog Index was up 26 cents on June, partially offsetting the weakness in futures and cash market pricing.
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mildly negative
Sentiment Score
-0.25
