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Market Impact: 0.3

Hogs See Mixed Trade on Tuesday Despite Pork Strength

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows

Lean hog futures fell by 35 cents to $1.60 on Tuesday, with nearby July gaining a dime. Open interest declined by 1,476 contracts, suggesting lighter participation, while USDA’s national base hog price was $96.42 and the CME Lean Hog Index eased 12 cents on July.

Analysis

Lean hog futures fell by 35 cents to $1.60 on Tuesday, with nearby July gaining a dime. Open interest declined by 1,476 contracts, suggesting lighter participation, while USDA’s national base hog price was $96.42 and the CME Lean Hog Index eased 12 cents on July.

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Market Sentiment

Overall Sentiment

mildly negative

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-0.25

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