
Lean hog futures are up 25 cents to $1 so far on Wednesday. USDA’s national base hog price was reported at $69.01 on Wednesday morning, down $1.05 from the day prior. The CME Lean Hog Index was down another 6 cents on December 1 at $81.61.
CFTC data from Tuesday afternoon for the week of 10/21 showed specs continuing to liquidate their net long by another 11,697 contracts to 117,231 contracts.