Lean hog futures are up a tick in July, which expires on Tuesday, with other contracts falling $1.15 to $2.30 in the nearbys. USDA’s national base hog price was not reported on Monday morning, due to light volume. The CME Lean Hog Index was down 4 cents at $107.10 on July 10.
CFTC data showed the large managed money speculators in lean hog futures and options trimming 2,788 contracts from their net long position as of Tuesday. They took that net position to 131,799 contracts as of July 8.
