Hogs Higher at Monday’s Midday

Lean hog futures are showing 15 to 62 cent gains in the front months on Monday. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down 15 cents on April 16 at $90.51. 

Managed money slashed another 10,174 contracts from their net long in lean hog futures and options as of 4/14, taking it to 87,887 contracts.