Lean hog futures are trading with 35 cent gains in the December contract with other contracts slightly lower. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down 2 cents on December 4 at $81.81.
Commitment of Traders data from Friday afternoon showed managed money slashing 22,070 contracts from their net long in lean hog futures and options as of October 28. That took the net long to 95,161 contracts.
