⛏Lean Hog Futures
LEANHOG
▲ PositiveSupplyrelevance
Managed money reduced net short position in lean hog futures, indicating improved sentiment.
Impact on assets 1
Others
Managed Money Trims Lean Hog Net Short by 1,242 Contracts
2▲1 ▼0Impact / 5
Managed money reduced its net short position in lean hog futures by 1,242 contracts during the week of August 4, bringing the total net short to 9,642 contracts, according to the CFTC Commitments of Traders report. Lean hog futures posted steady to 50-cent gains on Friday, though the August contract lost $3.35 for the week. The USDA’s national base hog price fell 63 cents to $97.67, while the CME Lean Hog Index slipped 29 cents to $96.66. The pork carcass cutout value rose $2.24 to $101.50, with all primals higher, and estimated weekly hog slaughter reached 2.281 million head, up 17,000 from the prior week and nearly 50,000 above the same week last year.
Managed money reduced net short position in lean hog futures, indicating improved sentiment.