Lean Hog Futures Mixed, Speculators Reduce Longs

Lean hog futures experienced a mixed close, with December contract showing a slight gain, while others dropped. USDAs national base hog price decreased, and the CME Lean Hog Index continued its downward trend. Speculators reduced net long positions, and the pork carcass cutout value fell. Hog slaughter for the week was slightly higher than last year, despite being below last weeks numbers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.