Lean hog futures are up 50 cents to 22 cents lower on Monday, showing mixed trade. USDA’s national base hog price was not reported on Monday morning due to thin volume. The CME Lean Hog Index was down another 44 cents on September 24 at $81.76.
Managed money extended their record net short in lean hog futures and options by 4,147 contracts in the week of 9/22, taking it to 35,548 contracts.