Lean hog futures posted losses of a nickel to 35 cents on Wednesday. USDA’s national base hog price was reported at $70.19 on Wednesday afternoon, down 19 cents from the day prior. The CME Lean Hog Index was back down 19 on December 29 at $82.25.
CFTC data showed managed money in lean hog futures and options adding 10,489 contracts to their net long in the week of 12/23 to a net long position of 75,325 contracts.
