Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. USDA’s national base hog price was reported at $93.30 on Friday afternoon, down $4.07 from the day prior. The CME Lean Hog Index was down 2 cents on August 12 at $95.87.
Friday’s Commitment of Traders data showed managed money adding 5,479 contracts back to their net short position in lean hog futures and options during the week of August 11. That took their net short to 15,121 contracts.
