Lean hog futures closed out the Friday session with contracts mixed, as August was down 12 cents, with other contracts up a tick to 25 cents. October was 62 cents higher on the week. USDA’s national base hog price was reported at $106.73 on Friday afternoon down $4.49 from the day prior. The CME Lean Hog Index was up 50 cents at $110.10 on August 6.
Large managed money speculators were adding back to their net long position in lean hog futures and options by 1,700 contracts in the week ending on August 5. That took their net long position to 109,286 contracts by Tuesday.
