Lean Hog Futures Drop, USDA Reports Mixed Market

Lean hog futures experienced a drop in prices, yet the national base hog price and CME Lean Hog Index showed slight increases. Speculative funds held a net long position in lean hog futures, but this decreased from the previous week, indicating a shift in market sentiment. The USDAs pork carcass cutout value dropped, with only butt and picnic primal cuts showing price increases. Hog slaughter increased compared to last year, and February to May hog futures closed with a consistent downward trend, reflecting current market expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.