Lean hog futures closed out the Friday session with nearby contracts up $1.07 to $1.27, as October was $1.10 higher last week. USDA’s national base hog price was reported at $107.66 in the Friday PM report, down 69 cents from the day prior. The CME Lean Hog Index was down 25 cents at $108.32 on August 20.
USDA’s monthly Cold Storage report showed a total of 404.583 million lb of pork stocks as of July 31, the lowest since 2010. That was a drop of 10.76% from last year and 3.37% below June.
