Key facts
- CME hog futures recovered from an early decline.
- Hog futures were initially pulled lower by a sharp drop in cattle markets.
- July hog futures confirmed support at the $100 level.
- Hog futures closed near their session highs.
CME hog futures experienced a volatile trading session, opening lower due to a significant decline in the cattle markets. Despite the initial downturn, the hog market showed resilience, recovering throughout the day. However, unlike the cattle market, hog futures were unable to close at or above unchanged levels. Nevertheless, the July hog contract demonstrated strength by confirming support at the $100 mark and ultimately finishing the session near its highest point. This analysis was provided by AgResource Company.