Hogs Look to Tuesday with Cutout Strength

Lean hog futures closed up 10 to 87 cents on Monday. Preliminary open interest was down 2,469 contracts on Monday. USDA’s national base hog price had a weighted average of $110.47 this afternoon, up $4.92 from the previous report. The CME Lean Hog Index was up 30 cents at $107.93…