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Austin Schroeder

Hogs Close with Slight Gains on Friday

Hogs USDA

Lean hog futures saw slightly higher action in Friday, with contracts up 20 to 50 cents. February managed to close the week with a $2.97 gain. USDA’s national base hog price was at $74.78 reported on Friday afternoon. The CME Lean Hog Index was back up 11 cents on Jan 13 at $80.50. The markets will be off on Monday for the Martin Luther King Jr. Day holiday. 

Commitment of Traders data showed spec funds increasing their net long by just 766 contracts as of January 13, taking the lean hog net long to 82,624 contracts.

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