Lean Hog futures are trading with gains of 80 cents to $1.25 at midday. USDA’s national base hog prices from Monday AM report was at $104.52, down 42 cents from the day prior. The CME Lean Hog Index was down 36 cents on September 18 at $105.34.
Managed money increased their net long position in lean hog futures and options by 7,835 contracts in the week ending on September 16th. By Tuesday, they held a record net long position of 142,258 contracts.
