Lean hog futures are 65 cents to $1.425 in the red at midday. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 19 cents higher on March 5 at $90.74.
Commitment of Traders data from Tuesday’s close showed managed money increasing their net long in lean hog futures and options by 7,053 contracts to 124,036 contracts.
