Lean hog futures posted front month losses of 15 to 90 cents on Friday, as April was down $2.17 this week. USDA’s national base hog price was reported at $91.82 on Friday afternoon, up 43 cents from the day prior. The CME Lean Hog Index was another 24 cents higher on March 11 at $91.44.
Managed money added 3,668 contracts to their net long in lean hog futures and options as of March 10, taking the net long to 127,704 contracts.
