Hogs Post Mixed Action on Friday

Lean hog futures posted mixed action on Friday, with front month April down 57 cents and other contracts up 7 to 20 cents. June futures were up $1.77 this week. USDA’s national average base hog negotiated price was reported at $83.10 on Friday afternoon, down $2.57 from the day prior. The CME Lean Hog Index was down 33 cents from the previous day at $87.67 on April 9.

Commitment of Traders data showed spec traders were slashing 19,064 contracts from their net long in lean hog futures and…

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