Lean hog futures are falling $2 to $2.50 across the front months on Monday. USDA’s national base hog price was reported at $83.83 on Monday morning. The CME Lean Hog Index was down another 28 cents on September 9 at $87.94.
Managed money in lean hog futures and options cut another 4,767 contracts from their net short as of Tuesday, taking the position to -23,556 contracts
