Managed Money net -46,813 contracts in LEAN HOGS, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
LEAN HOGS - CHICAGO MERCANTILE EXCHANGE
CFTC contract code
054642
Contract unit
Contracts Of 40,000 Pounds
Open interest, contracts
291,717
Change in open interest, contracts
-4,927
CIT supplement
Published for this market
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
28,102
32,264
-
-4,162
9.6
11.1
-1.4
Swap Dealers
82,454
2,279
3,618
+80,175
28.3
0.8
27.5
Managed Money
67,168
113,981
49,478
-46,813
23.0
39.1
-16.0
Other Reportables
12,744
42,661
27,249
-29,917
4.4
14.6
-10.3
Total reportable
270,813
271,530
-
-717
92.8
93.1
-0.2
Nonreportable
20,904
20,187
-
+717
7.2
6.9
0.2
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-46,813
Week change
+1,804
4-week change
-4,673
13-week change
-19,022
Net as % of open interest
-16.0%
Percentile, 1 year (52 weeks)
6
Percentile, 3 years (156 weeks)
2
Z-score, 52 weeks
-1.31
COT Index, 3 years
2
52-week high of net
+128,463
52-week low of net
-50,635
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
52
62
Swap Dealers
19
6
Managed Money
55
79
Other Reportables
33
55
Total reportable
236
259
Largest 4 traders, gross long
16.9%
Largest 4 traders, gross short
13.3%
Largest 8 traders, gross long
27.5%
Largest 8 traders, gross short
22.7%
Largest 4 traders, net long
15.9%
Largest 4 traders, net short
12.0%
Largest 8 traders, net long
24.9%
Largest 8 traders, net short
20.1%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
53,933
82,012
-
-28,079
13.1
19.9
-6.8
Swap Dealers
82,965
1,855
9,726
+81,110
20.1
0.5
19.7
Managed Money
69,290
110,423
62,518
-41,133
16.8
26.8
-10.0
Other Reportables
13,135
26,753
93,451
-13,618
3.2
6.5
-3.3
Total reportable
385,017
386,738
-
-1,721
93.5
93.9
-0.4
Nonreportable
26,851
25,130
-
+1,721
6.5
6.1
0.4
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Index traders (CIT supplement)
Index trader net, contracts
+68,504
Index trader long, contracts
88,775
Index trader short, contracts
20,271
Supplement position date
Tue 20 Oct 2026
The CIT supplement reports index traders carved out of the legacy categories, on the combined basis.
Open interest by maturity split
All contract months, contracts
291,717
Old crop / nearest months, contracts
291,042
Other months, contracts
675
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
291,717
-4,162
+80,175
-46,813
-29,917
-717
+717
Tue 13 Oct 2026
296,644
-1,389
+80,263
-48,617
-33,170
-2,913
+2,913
Tue 6 Oct 2026
296,786
-2,418
+76,403
-41,504
-34,964
-2,483
+2,483
Tue 29 Sep 2026
289,843
-3,019
+74,991
-50,635
-25,596
-4,259
+4,259
Tue 22 Sep 2026
287,713
-6,997
+73,741
-42,140
-26,155
-1,551
+1,551
Tue 15 Sep 2026
285,923
-9,107
+76,858
-37,768
-31,443
-1,460
+1,460
Tue 8 Sep 2026
283,094
-12,544
+69,149
-29,634
-28,355
-1,384
+1,384
Tue 1 Sep 2026
286,408
-9,595
+71,152
-34,691
-28,080
-1,214
+1,214
Tue 25 Aug 2026
275,011
-9,008
+73,235
-36,098
-29,823
-1,694
+1,694
Tue 18 Aug 2026
275,817
-11,872
+75,480
-28,997
-33,658
+953
-953
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.