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Barchart
Barchart
Austin Schroeder

Hog Bulls Looking to Extend Wednesday Gains

USDA

Lean hog futures saw a rebound on Wednesday, up 95 cents to $1.45 at the close. Open interest was down 1,227 contracts on Wednesday. USDA’s national base hog price from Wednesday afternoon was reported at $74.61, down 95 cents from the day prior. The CME Lean Hog Index was down another 33 cents on November 17 at $86.67. 

Pork exports during August were tallied at 542.8 million lbs according to a delayed release of Census trade data on Wednesday morning. That was the second largest August total on record, 3.1% below last year. 

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