Lean hog futures closed the Friday session with losses of a tick to 45 cent across most contracts. October was down another $1.05 on the week. The national average base hog price was reported at $76.00 on Friday afternoon even with the previous day. The CME Lean Hog Index was $85.35 on September 10, down 11 cents from the day prior. 

Commitment of Traders data showed the managed money crowd trimming 1,348 contracts from their net long position as of September 10 to 37,712 contracts.

USDA’s FOB plant pork cutout value was 28 cents lower in the Friday PM report at $93.90 per cwt. The loin, butt, and belly were the primals reported lower, with the other 3 up in a range from 53 cents to $2.70. USDA estimated FI hog slaughter at 2.571 million head for last week. That is well above the previous non-holiday week and 35,533 head larger than the same week last year.

Oct 24 Hogs  closed at $78.450, down $0.450,

Dec 24 Hogs  closed at $71.300, down $0.250

Feb 25 Hogs  closed at $74.975, down $0.225,