Lean hog futures fell to weakness on Thursday, with contracts down $2.55 to $2.70. Open interest data from Thursday showed new short interest, rising 3,058 contracts. USDA’s national base hog price from Thursday afternoon was reported at $77.86, down 92 cents from the day prior. The CME Lean Hog Index was down another 4 cents on November 11 at $89.13.
The USDA reported 47,386 MT of pork sold in the week of 9/25, a 14 week high is sales to that point.
