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Austin Schroeder at Barchart.com said, “Lean hog futures slipped lower into the Wednesday close, with contracts 15 to 67 cents lower, as October was up 60 points. Open interest was up 2,122 contracts across the board. USDA’s national base hog price was $79.65 in the Wednesday PM report, down 25 cents from the day prior. The CME Lean Hog Index was down another 50 cents on September 21 at $82.92.”
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“This week’s rally in the U.S. dollar is adding additional pressure, and the lean hog index continues to slip lower,” the Hightower Report sai…
“Open interest fell over 7,400 contracts in October, but rose nearly 13,500 in the December contract,” the Hightower Report said. “Cash hogs w…
“The hog market started the week strong after Friday’s new contract low close in December and finally made a higher daily high for the first t…
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