
Lean hog futures are trading with gains of a tick to 40 cents at midday. USDA’s national base hog price was reported at $86.04 on Monday morning, down $6.05 from the day prior. The CME Lean Hog Index was another 16 cents higher on March 12 at $91.60.
Managed money added 3,668 contracts to their net long in lean hog futures and options as of March 10, taking the net long to 127,704 contracts.