Hogs Close Mixed on Tuesday

Lean hog futures finished mixed on Tuesday, with nearby July contracts down 42 cents and August up 50 cents, indicating little directional conviction across the board. USDA’s national base hog price was $97.26, down 51 cents from the prior day, a modestly softer cash market signal that is unlikely to be market-moving on its own.

Analysis

Lean hog futures finished mixed on Tuesday, with nearby July contracts down 42 cents and August up 50 cents, indicating little directional conviction across the board. USDA’s national base hog price was $97.26, down 51 cents from the prior day, a modestly softer cash market signal that is unlikely to be market-moving on its own.