Lean hog futures are easing back lower on Monday, with contracts down a tick to 42 cents in the nearbys. USDA’s national base hog prices from the Monday morning report were down $2.35 from the day prior at $101.86. The CME Lean Hog Index was back down 13 cents on September 25 at $104.83.
The Friday afternoon Commitment of Traders report showed managed money increasing their record net long position and lean hog futures and options by 186 contracts as of Tuesday, taking it to 142,444 contracts.
