Lean hog futures saw weaker Friday trade, with contracts down 30 to 45 cents in the nearbys. February was down $1.10 this week. USDA’s national base hog price was reported at $83.57 on Friday afternoon, down 81 cents from the previous day. The CME Lean Hog Index was up another 50 cents on Jan 28 at $85.72.
CFTC data indicated managed money increasing their net long in lean hog futures and options by 16,388 contracts, taking it to 113,806 contracts as of Tuesday.
