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Austin Schroeder

Hogs Mostly Higher on Monday

Hogs ARE USDA Cold Storage

Lean hog futures are trading with 50 to 70 cent gains on Monday, with nearby Feb up 7 cents. USDA’s national base hog price was not reported this morning on no volume. The CME Lean Hog Index was up another 55 cents on Jan 22 at $83.62.

Monthly Cold Storage data showed pork stocks on December 31 at 390.55 million lbs, which was down 1.5% from last year and the lowest December since 1997

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