Lean Hogs - Trade Update

This one has been a little up and down since entry but closed out the week nicely.

There was some downward pressure late with talk of supplies set to expand, similar to what I mentioned earlier in the week.

Interestingly the latest COT report released Friday, shows managed money's added to their net long positions by around 7000 contracts, yet our spread held up reasonably well, which hopefully bodes well for us going forward.

For now we can let this one run as there is a nice seasonal window through until November.