Lean hog futures were mostly higher on Monday, with contracts 75 cents to $1 higher, as nearby July was down $1.02. USDA’s national base hog price was not reported on Monday afternoon due to light volume and a 5-day rolling average of $111.55. The CME Lean Hog Index was down 69 cents at $109.51 on July 2.
Speculators in lean hog futures and options increased their record net long position as of last Tuesday, taking it 275 contracts higher to 134,567.
