Lean hog futures are down a quarter to $2.02 so far on Tuesday. USDA’s national base hog price was not reported on Tuesday morning due to thin trade. The CME Lean Hog Index was back down 12 cents on July 2 at $91.55.
CFTC data showed managed money adding 1,807 contracts to their net short position as of June 30, taking it to 27,367 contracts.
