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Lean hog futures settled mixed on Friday, with August up 50 cents and deferred contracts lower. USDA's national base hog price averaged $110.27, and monthly cold storage data showed pork stocks at 422.29 million lbs on June 30, down 11.1% year over year.
Pork stocks running well below last year support hog prices, though weekly slaughter below year-ago levels reinforces tight supplies.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.