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Austin Schroeder

Hogs Look to Monday Following Mixed Friday Action

Hogs USDA

Lean hog futures saw mixed trade on Friday, with contracts 7 cents higher to 42 cents lower. February was up 12 cents last week. Open interest rose 3,972 contracts on Friday. USDA’s national base hog price was reported at $85.39 on Friday afternoon, down $1.19 from the day prior. The CME Lean Hog Index was 32 cents higher on Feb 4 at $86.38.

CFTC data showed managed money adding a total of 15,051 contracts to the net long position in lean hog futures and options in the week of Tuesday, taking the total to 128,857 contracts.

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