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Austin Schroeder

Hogs Falling on Monday

Lean hog futures are trading with 35 cent to $1.37 losses at midday. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 19 cents higher on Feb 4 at $86.57.

CFTC data showed managed money adding a total of 15,051 contracts to the net long position in lean hog futures and options in the week of Tuesday, taking the total to 128,857 contracts.

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