Lean hog futures were mixed on Friday, with April down a nickel and the rest of the board up 20 to 67 cents. April was down a dime on the week. USDA’s national base hog price was reported at $91.69 on Friday afternoon, up $1.95 from the day prior. The CME Lean Hog Index was 37 cents higher on March 4 at $90.55.
Commitment of Traders data from Tuesday’s close showed managed money increasing their net long in lean hog futures and options by 7,053 contracts to 124,036 contracts.
