Lean hog futures are posting 87 cent to $1.45 gains at midday. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down 21 cents on July 30 at $98.23.
The weekly CFTC Commitment of Traders report showed managed money slashing 7,273 contracts from their previously near record net short position in the week of July 28. That took the net short to 10,884 contracts.
