**Lean hog futures increased on Friday, with contracts rising between 12 to 70 cents by market close, and August contracts gaining $1.20 for the week. Open interest climbed by 442 contracts. The USDA reported a decrease in the national base hog price by $2.77 to $99.37, while the CME Lean Hog Index increased by 40 cents to $97.48 as of July 22.**
**The weekly CFTC Commitment of Traders report revealed that managed money reduced their net short position by 12,281 contracts to a total of 18,157 contracts for the week ending July 21. Additionally, cold storage data for June 30 showed pork stocks at 458.22 million lbs, up 9.44% from the previous year and slightly above May figures. Federal hog slaughter for the previous week was reported at 2.268 million head, down 28,000 from the week prior and 55,397 below last year’s numbers.**
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