
Lean hog futures are showing 7 to 20 cent losses in nearbys on Tuesday, with other contracts posting gains. USDA’s national base hog price was not reported on Tuesday morning due to light volume. The CME Lean Hog Index was up another 76 cents on Jan 16 at $81.76.
Commitment of Traders data showed spec funds increasing their net long by just 766 contracts as of January 13, taking the lean hog net long to 82,624 contracts.