Lean hog futures were steady to 40 cents higher on Friday, as February was a tick lower this week. USDA’s national base hog price was reported at $67.45 on Friday afternoon, down $1.20 from the day prior. The CME Lean Hog Index was up 1 cent on December 17 at $83.88.
Spec traders were busy adding back to their net long in the week ending on December 9, according to CFTC data. The net long was back up 4,821 contracts to 51,471 contracts in that week.
