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Barchart
Barchart
Austin Schroeder

Hogs Look to Wednesday Trade

Hogs USDA

Lean hog futures closed mixed, with December up 27 cents and other contracts down 12 to 50 cents. Open interest was up 1,114 contracts on Tuesday. USDA’s national base hog price was reported at $71.33 on Tuesday afternoon, down 35 cents from the day prior. The CME Lean Hog Index was down another 25 cents on November 28 at $81.67. 

CFTC data from Tuesday afternoon for the week of 10/21 showed specs continuing to liquidate their net long by another 11,697 contracts to 117,231 contracts.

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