Lean hog futures are posting modest gains on Monday, with front months a tick to 12 cents higher. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down another 46 cents on August 20 at $93.26.
Friday’s Commitment of Traders data showed managed money adding 8,365 contracts back to their net short position in lean hog futures and options during the week of August 18. That took their net short to 23,486 contracts.
