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Barchart
Barchart
Austin Schroeder

Hogs Close the Week with Mixed Action

USDA

Lean hog futures closed Friday mixed, with nearby August up 50 cents and other contracts 50 to 67 cents lower. August was up $2.22 this week. USDA’s national base hog price had a weighted average of $110.27 in the Friday PM report, down $3.34 from the previous report. The CME Lean Hog Index was up 72 cents at $109.95 on July 23. 

Monthly Cold Storage data from USDA showed a total of 422.29 million lbs of pork stocks on hand as of June 30. That was down 6.32% from May and 11.1% below last year.

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