Lean hog futures are mixed with July up a tick and other contracts down 50 cents. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 34 cents higher on July 9 at $92.69.
The weekly CFTC Commitment of Traders report showed managed money adding another 1,635 contracts to their near net short position in the week of July 7. That took the net short to 29,002 contracts.
