Lean Hog Futures closed the Friday session with contracts up 50 cents to down a dime in the front months. October was up another 85 cents this week. USDA’s national base hog report from Friday afternoon was reported at $103.61, down $1.99 from the day prior. The CME Lean Hog Index was down 16 cents on September 17 at $105.70.
Managed money increased their net long position in lean hog futures and options by 7,835 contracts in the week ending on September 16th. By Tuesday, they held a record net long position of 142,258 contracts.
