Lean hog futures closed 22 to 62 cents higher across the nearby contracts on Friday, as August was still down $1.35 last week. USDA’s national base hog price was back down $2.76 from the previous day, at $108.91 on Friday afternoon. The CME Lean Hog Index was down 14 cents at $110.37 on July 30.
Commitment of Traders data indicated a total of 2,821 contracts trimmed from the managed money net long as of July 29. That net long was taken to 107,586 contracts by Tuesday.
