Lean hog futures closed mixed on Thursday, with front month October down a tick and other nearby contracts up 10 to 20 cents. USDA’s national base hog price was reported at $108.35 in the Thursday PM report, down $1.46 from the day prior. The CME Lean Hog Index was down 49 cents at $108.57 on August 19.
This morning’s Export Sales report showed a total of 19,210 MT in pork sales during the week ending on August 14. Mexico purchased 5,300 MT, with 4,000 MT sold to South Korea. Shipments were back up to a 5-week high at 28,558 MT. The top destination was Mexico at 12,800 MT, with 3,900 MT headed to Japan.
