Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the day prior. The CME Lean Hog Index was up 6 cents on April 15 at $90.66.
Managed money slashed another 10,174 contracts from their net long in lean hog futures and options as of 4/14, taking it to 87,887 contracts.
