Lean hog futures closed mixed on Friday, with contracts ranging from 62 cents higher to 72 cents lower. The USDA reported the national base hog price at $93.23, a decrease of 35 cents from the previous day. As of May 20, the CME Lean Hog Index was recorded at $91.07, up 45 cents.
Pork stocks stood at 435.79 million lbs at the end of April, marking a 4.47% year-over-year decline but an 8.7% increase from March. USDA estimated federally inspected hog slaughter for the week at 2.321 million head, down 38,000 from the previous week and 35,490 below the same week last year.
In futures, June 26 hogs closed at $95.750, an increase of $0.625, while July 26 hogs closed at $100.400, up $0.375. August 26 hogs closed at $100.075, down $0.150.
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