The hog futures rallied back from 95c losses to close the Thursday session with 2 to 72 cent gains. USDA’s National Average Base Hog price increased by 91 cents to $63.99. The CME Lean Hog Index increased by 7 cents to $76.06.
The weekly Export Sales data showed 24,296 MT of pork was booked during the week that ended 11/9. That was half of last week’s 28-wk high, but was near even with sales from the same week last year. Mexico was the top buyer with 8.5k MT. USDA reported the year’s accumulated pork commitments at 1.609 MMT – 10% ahead of last year’s pace.
