Lean Hog Futures Gain, USDA Reports Mixed Market Data

Lean hog futures experienced a mixed week, with front-month contracts generally rising but December contracts dipping. The February contract, however, saw a significant increase of two dollars and twenty-five cents. The national base hog price decreased, while the CME Lean Hog Index rose. The Commitment of Traders data showed a reduction in the net long position, suggesting some traders are pulling back their bullish bets. The pork carcass cutout value was down, with only the ham primal reported lower. Hog slaughter increased significantly, indicating higher production.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.