Lean hog futures closed mixed on Friday, with contracts 62 cents higher to 72 cents lower. June was down $3 this week. USDA’s national base hog price was $93.23 in the Friday PM report, down 35 cents from the day prior. The CME Lean Hog Index was up 45 cents on May 20 at $91.07. The CME will be closed on Monday for Memorial Day.
CFTC data showed managed money cutting back another 7,147 contracts from their net long position in the week ending on 5/19 to 33,713 contracts.
