Lean hog futures are trading with 47 cent to $1.17 gains across the front months at midday on Monday. USDA’s national base hog price has not been reported due to packer submission issues.. The CME Lean Hog Index was up 15 cents at $110.25 on August 7.
Large managed money speculators were adding back to their net long position in lean hog futures and options by 1,700 contracts in the week ending on August 5. That took their net long position to 109,286 contracts by Tuesday.
