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Barchart
Barchart
Austin Schroeder

Hogs Mixed at Midday

Hogs USDA ARE

Lean hog futures are down 25 cents in the April contracts, with other contracts up 20 to 75 cents. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down another 28 cents on March 26 at $91.18.

Managed money was busy slashing their net long in the week ending on March 24 by 15,070 contracts, taking the position in lean hog futures and options to 101,483 contracts.

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