Lean hog futures were down $1.22 to $1.77 at the Monday close, with nearby August up 12 cents. USDA’s national base hog price was reported at $100.69 on Monday afternoon, up $1.32 from the day prior. The CME Lean Hog Index was another 43 cents higher on July 23 at $97.91.
Cold Storage data from Friday showed June 30 pork stocks at 458.22 million lbs. That was up 9.44% from last year and 0.7% above the end of May.
