Lean hog futures posted are back to mixed action so far on Tuesday, with front months within 35 cents of unchanged. USDA’s national base hog price was not reported Tuesday morning due to low volume. The CME Lean Hog Index was back down 23 cents on Jan 2 at $81.62.
The large managed money spec funds were increasing their net long in hog futures and options as of 12/30 by 3,596 contracts to 78,921 contracts.
