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June lean hogs opened higher after the Hogs and Pigs report, then reversed and settled near the session low at 95.775. Traders are waiting for April 2 tariff decisions, which could shape the next directional move.
Seasonal grilling demand and Easter are also cited as possible supports.
Hog prices remain range-bound while traders await tariff outcomes that could affect pork export flows. Price direction is uncertain until those decisions are known.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.