Lean hog futures are trading with 20 to 40 cent gains across most contracts on Monday. USDA’s national base hog price was reported at $106.67 in the Monday AM report, down $1.22 from the day prior. The CME Lean Hog Index was down 48 cents at $107.84 on August 21.
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.
