Lean hog futures are trading with 5 to 45 cent losses at Tuesday’s midday. USDA’s national base hog price was not reported on Tuesday morning due to light volume and a 5-day rolling average of $111.43. The CME Lean Hog Index was down $1.18 at $108.33 on July 3.
Speculators in lean hog futures and options increased their record net long position as of last Tuesday, taking it 275 contracts higher to 134,567.
