
Lean hog futures are down 50 to 85 cents so far on Friday. USDA’s national base hog price was not reported on Friday morning due to thin volume. The CME Lean Hog Index was back up a penny on December 30 at $82.26.
CFTC data showed managed money in lean hog futures and options adding 10,489 contracts to their net long in the week of 12/23 to a net long position of 75,325 contracts.