Lean hog futures posted 12 cent to $1.32 losses across the board on Friday, with June settling with a 12 cent gain on the week. USDA’s national base hog price was reported at $91.52 on Friday afternoon, down $1.80 from the day. The CME Lean Hog Index was back down 26 cents on May 13 at $90.48.
CFTC data showed managed money cutting back 10,222 contracts from their net long position in the week ending on 5/12 to 40,860 contracts.
