Lean hog futures posted Friday gains of 97 cents to $1.50, as bulls fought back to close out the week. October was still down 57 cents since last Friday. USDA’s national base hog price was down $2.49 in the Friday PM report, at $107.88. The CME Lean Hog Index was back up a nickel at $109.83 on August 13.
The large managed money speculators in lean hog futures and options added back another 1,446 contracts to their net long position as of 8/12 to 110,732 contracts.
