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Barchart
Barchart
Austin Schroeder

Hogs Slipping Lower on Monday

Hogs ARE USDA

Lean hog futures are trading with 12 to 65 cents at midday. USDA’s national base hog price was reported at $89.23 on Monday morning, down 16 cents from the day prior. The CME Lean Hog Index was back down a penny on April 9 at $90.28. 

Managed money was busy adding back 3,853 contracts to their net long in lean hog futures and options as of April 7, taking it to 98,061 contracts.

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