Lean hog futures are showing mixed action on Monday, with October down a tick and December up 35 cents. USDA’s national base hog price had a weighted average of $109.02 in the Monday AM report, down 24 cents from the previous report. The CME Lean Hog Index was up 33 cents at $110.28 on July 24.
Monthly Cold Storage data from USDA showed a total of 422.29 million lbs of pork stocks on hand as of June 30. That was down 6.32% from May and 11.1% below last year.
