Lean hog futures were weaker at the Monday close, with contracts steady to 37 cents lower, as October was up 25 cents. Open interest was up 3,075 contracts. USDA’s national base hog price was reported at $89.40 on Monday afternoon, down $4.87 from the previous day. The CME Lean Hog Index was down another 46 cents on August 20 at $93.26.
USDA released Cold Storage data on Monday, showing pork stocks at 439.43 million lbs at the end of July. That was a 3.43% decline from June but up 8.6% from a year ago.
