⛏Lean Hog Futures
LEANHOG
▼ NegativeSupplyrelevance
Managed money extended net short position, pork cutout fell, and slaughter declined, indicating bearish supply-demand balance.
Impact on assets 1
Others
Lean hog futures are trading mixed on Monday, with most contracts within 35 cents of unchanged. The CME Lean Hog Index rose 50 cents to $95.10 on July 15, while USDA's national base hog price was not reported due to low volume. The weekly CFTC Commitment of Traders report showed managed money added 1,436 contracts to their net short position in the week of July 14, bringing the total net short to 30,438 contracts. USDA's pork carcass cutout value fell 73 cents to $103.68 in the Monday morning report, with only the belly and ham primals reported lower. Federally inspected hog slaughter for last week was estimated at 2.31 million head, down 54,000 head from the prior week and 23,497 head below the same week last year.
Managed money extended net short position, pork cutout fell, and slaughter declined, indicating bearish supply-demand balance.