Lean hog futures are trading with contracts up 90 cents to $1.42 at midday. USDA’s national base hog price was reported at $78.52 on Monday morning, up $1.27 from the day prior. The CME Lean Hog Index was back down 51 cents on October 1 at $80.20.
Friday's Commitment of Traders report showed managed money in lean hog futures and options extending their record net short position by another 8,638 contracts in the week ending on Tuesday, taking it to 44,186 contracts.
