U.S. lean hogs were mostly lower as the market paused following recent gains.
CME lean hogs for July closed up 0.2%, but all other contracts ended lower. August lean hogs were down 0.375c, or 0.4%, to 94.85c per pound.
The August contract had climbed almost 5 cents in the past 10 days, and analysts said futures' premium to cash bids helped prompt a pullback.
Trade was very light during the session, analysts added. Losses were limited by spillover support from the cattle complex.
Cash hog prices Friday were mostly steady as several processors need additional loads for arrival next week, according to livestock dealers and market managers. Seasonally smaller supplies, lighter average carcass weights as temperatures warm up and continued strong world demand for pork are supportive factors for cash prices. Thin to negative processing margins, however, may cause some plants to trim slaughter schedules, analysts said.
The USDA's pork carcass composite value, a measure of wholesale prices, Thursday was down $1.11 per hundredweight to $92.81 from nearly a one-month on Wednesday.
The terminal markets traded steady in light volume tests. Top prices were from $63 to $64 on a live basis.
The latest Dow Jones Newswires pork packer margin index was minus $6.14 per head, compared with minus $7.42 the previous day.