
Lean hog futures are trading with 50 to 80 cent gains across most contracts on Monday. USDA’s national base hog report from Monday morning showed no price reported, due to light volume. The CME Lean Hog Index was up 10 cents on September 11 at $106.14.
The large managed money spec traders in lean hog futures and options added another 10,532 contracts to their now near record net long position of 134,423 contracts by Tuesday.