Lean hog futures were down 45 cents to $1.55 in most front months on Friday, with June up 85 cents last week. Open interest was up just 998 contracts on Friday. USDA’s national base hog price was reported at $90.42 on Friday afternoon. The CME Lean Hog Index was up another 38 cents on April 22 at $91.43.
Cold Storage data from Friday showed March 31 pork stocks at 411.28 million lbs, which was a 0.44% increase from a year ago and 2.09% above last year.
