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Barchart
Austin Schroeder

Hogs Look to Tuesday Trade Following Long Weekend

Hogs USDA

Lean hog futures saw slightly higher action in Friday, with contracts up 20 to 50 cents. Another round of new buying was noted, with open interest up 6,380 contracts. February managed to close the week with a $2.97 gain. USDA’s national base hog price was not reported on Monday due to light volume. The CME Lean Hog Index was up another 50 cents on Jan 15 at $81.00. 

Commitment of Traders data showed spec funds increasing their net long by just 766 contracts as of January 13, taking the lean hog net long to 82,624 contracts.

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