Lean hog futures were mixed at the Monday close, with contracts 7 to 70 cents lower in the front months and deferreds up 2 to 35 cents. USDA’s national base hog prices from the Monday afternoon report was down 74 cents from the day prior at $102.44. The CME Lean Hog Index was back down 13 cents on September 25 at $104.83.
Cold Storage data showed pork stocks at the end of August the lowest since 2010 at 393.89 million lbs. That was a 2.65% drop from the end of July and 13.48% below last year.
