Lean hog futures are posting gains of 25 cents to $2.50 at midday. USDA’s national base hog price was not reported on Monday morning due to light trade. The CME Lean Hog Index was down another 16 cents on April 2 at $90.01.
Managed money was busy cutting 7,275 contracts from their net long in lean hog futures and options as of March 31, taking it to 94,208 contracts.
