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Barchart
Barchart
Austin Schroeder

Hogs Bouncing on Tuesday

Hogs USDA ARE

Lean hog futures are rallying back on Tuesday, with contracts up90 cent sto $1.75 at midday.  USDA’s national base hog price was not reported on Tuesday morning. The CME Lean Hog Index was 13 cents higher on Feb 13 at $87.06.

CFTC data as of last Tuesday pegged managed money net long 133,281 contracts, a 4,424 contract increase in the week.

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