Geopolitics Alpha

Hogs Look Square Up Ahead of USDA Report

Published . Updated .

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....

Directly affected

  • No company is named in this report.

Indirectly affected

  • QTPI NORTH SQUARE RCIM TAX-ADVANTAGED PREFERRED AND INCOME SECURITIES ETF

    GA selected QTPI as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • ZTAX X-SQUARE MUNI INC TAX FR ETF

    GA selected ZTAX as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
QTPI———————
ZTAX———————

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…

Source: Nasdaq Markets

Price since this story was published: North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI)

Since the first closing price after “Hogs Look Square Up Ahead of USDA Report,” North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) is -1.15%. The S&P 500 fund (SPY) is -0.62% over the same days, a -0.54% difference versus the market.

QTPI
SPY

Who gains and who loses around North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI)

Companies tied to this story

  • QTPI North Square Rcim Tax-Advantaged Preferred And Income Securities Etf

    For “Hogs Look Square Up Ahead of USDA Report,” North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) is linked, with no stored direction, medium confidence. Reason on file: GA selected QTPI as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ZTAX X-Square Muni Inc Tax Fr Etf

    X-Square Muni Inc Tax Fr Etf (ZTAX) is linked, with no stored direction, medium confidence in the 24 Sep 2026 story “Hogs Look Square Up Ahead of USDA Report.” Reason on file: GA selected ZTAX as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “Hogs Look Square Up Ahead of USDA Report” reaches North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI)

“Hogs Look Square Up Ahead of USDA Report” (24 Sep 2026) reaches North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) through this story.

What ties North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) to the headline is this: GA selected QTPI as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

X-Square Muni Inc Tax Fr Etf (ZTAX) is here too. Its reason reads: GA selected ZTAX as a RELATED security because its canonical security name directly matches this event's themes: square. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) price range

QTPI traded between 24.59 and 25.40 across 14 sessions. The latest close on file is 24.86. ZTAX traded between 21.61 and 25.15 across 7 sessions. The latest close on file is 23.34.

What the saved facts support for North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI)

21 out of 100

“Hogs Look Square Up Ahead of USDA Report” scores 21 out of 100. The score uses 1 sources, and 2 linked companies.