Lean hog futures are trading with 7 to 15 cent losses at midday. USDA’s national base hog price was reported at $90.92 on Thursday morning, down 35 cents from the day prior. The CME Lean Hog Index was down another 6 cents on March 24 at $91.65.
Hogs and Pigs data will be out this afternoon, with traders surveyed by Reuters looking for all hog inventory up 0.9% from a year ago, with market hogs up 1% and hogs kept for breeding down 0.2%.
