
Lean hog futures are mixed at midday, with most contracts within 30 cents of unchanged. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was back down 9 cents on March 19 at $91.95.
Friday’s CFTC Commitment of Traders report indicated a total of 11,151 contracts cut from the spec fund net long position in lean hog futures and options as of March 17. That took the net long to 116,553 contracts.