Lean hog futures are continuing to push higher, with midday gains of 30 to 67 cents across the front months. USDA’s national base hog report showed negotiated prices not reported on thin volume with a 5-day rolling average at $108.77. The CME Lean Hog Index was down 26 cents on August 27 at $106.17.
The Friday afternoon Commitment of Traders report showed speculators adding 8,274 contracts to their net long position and lean hog futures and options as of Tuesday. By August 26th, that net long was 114,042 contracts.
