Lean hog futures were mixed on Monday, with contracts down 50 cents to 90 cents higher at the close. USDA’s national base hog price was not reported on Monday afternoon due to thin trade. The CME Lean Hog Index was back up 19 cents on July 1 at $91.67.
CFTC data showed managed money adding 1,807 contracts to their net short position as of June 30, taking it to 27,367 contracts.