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Barchart
Barchart
Austin Schroeder

Hogs See Tuesday Strength, as Traders Look to Wednesday Trade

USDA

Lean hog futures posted Tuesday gains of 32 to 62 cents at the close. Open interest implied some modest new length coming in, up 2,236 contracts. USDA’s national base hog price was reported at $99.65 on Tuesday afternoon, up 20 cents from the day prior. The CME Lean Hog Index was down 55 cents on July 31 at $97.68.

Pork exports converted from Census data to a carcass basis showed June shipments a 540.19 million lbs. That was a 3.2% drop from last year and 10.3% below May.

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