Hogs End Week Higher Despite Drop in Frozen Pork Stocks

Lean hog futures on the CME ended 0.4% higher at 91.15 cents/lb. The USDA's Cold Storage report showed a 5% decline in frozen pork stocks. The report was released after the market closed, but its impact was already being felt ahead of time. The hog market finished higher in anticipation of the report's positive news.