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Hogs Popping Higher on Monday
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows
Lean hog futures rose modestly by 40 cents to $1.35 at midday, while cash and benchmark pricing remained weaker. USDA’s national base hog price fell $1.30 day over day to $80.47, and the CME Lean Hog Index declined another $1 to $84.02 on September 14. Managed money added 7,845 contracts, indicating renewed speculative positioning despite soft underlying hog-price indicators.
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