Lean hog futures posted losses of 37 to 60 cent losses in most contracts on Friday, as April was an exception, up a nickel. June was down 75 cents on the week. USDA’s national base hog price was reported at $89.36 on Friday afternoon, down 56 cents from the day prior. The CME Lean Hog Index was back down a penny on April 8 at $90.29.
Managed money was busy adding back 3,853 contracts to their net long in lean hog futures and options as of April 7, taking it to 98,061 contracts.
