Lean hog futures are up 40 cents to $1.35 at midday. USDA’s national base hog price was $80.47 in the Monday AM report, down $1.30 from the day prior. The CME Lean Hog Index was down another $1 on September 14 at $84.02.
Managed money added back 7,845 contracts to a new record net short position in lean hog futures and options in the week of 9/15, taking it to 31,401 contracts.
