Lean hog futures were 80 cents to $1.25 lower across the board on Friday, with October down $3.42 on the week. Open interest was up 2,877 contracts. USDA’s national base hog price was $81.76 in the Friday PM report. The CME Lean Hog Index was down another 79 cents on September 14 at $85.02.
Managed money added back 7,845 contracts to a new record net short position in lean hog futures and options in the week of 9/15, taking it to 31,401 contracts.
