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Austin Schroeder

Hogs Post Friday Rally, as Pork Stocks Tighten

USDA

Lean hog futures closed the Friday session with nearby contracts up $1.07 to $1.27, as October was up $1.10 this 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. That was a drop of 10.76% from last year and 3.37% below June.

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