Lean hog futures were up 25 to 82 cents across most contracts on Friday, with expiring June up 25 cents. July was down $1.35 last week. Open interest was up 1,581 contracts on Friday. USDA’s national base hog price was reported at $95.27 on Friday afternoon, down $1.99 from the day prior. The CME Lean Hog Index was down 2 cents on June 10 at $92.90.
Friday afternoon’s Commitment of Traders report indicated a total of 7,150 contracts added to the new managed money net short in lean hogs in the week of 6/9. That net short was 13,701 contracts on Tuesday.
