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Hog Bulls Look for Follow-Up on Wednesday Gains as Pork Firms

Commodities & Raw MaterialsEnergy Markets & PricesCommodity FuturesMarket Technicals & Flows

Lean hog futures rose $1.05 to $2.35 across most contracts on Wednesday, with July up 7 cents into expiration. USDA’s national base hog price increased to $100.66, up $2.10 from the prior day, while the CME Lean Hog Index was 76 cents higher on July—signals of firmer hog pricing ahead.

Analysis

Lean hog futures rose $1.05 to $2.35 across most contracts on Wednesday, with July up 7 cents into expiration. USDA’s national base hog price increased to $100.66, up $2.10 from the prior day, while the CME Lean Hog Index was 76 cents higher on July—signals of firmer hog pricing ahead.

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