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Barchart
Austin Schroeder

Hogs Post Monday Rally Despite Weaker Cutout

USDA

Lean hog futures posted gains of $2.05 to $2.50 gains in the front months on Monday. Preliminary open interest was up 5,225 contracts. USDA’s national base hog price was reported at $66.36 on Monday afternoon. The CME Lean Hog Index was back down 41 cents on December 31 at $81.85. 

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.

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