Lean hog futures are down 12 cents to $1.30 so far on Tuesday. USDA’s national base hog price was not reported on Tuesday morning due to low volume. The CME Lean Hog Index was down 19 cents on May 21 at $90.88
CFTC data showed managed money cutting back another 7,147 contracts from their net long position in the week ending on 5/19 to 33,713 contracts.