Lean hog futures are extending this week’s losses, as contracts re down $2 to $2.50, with soon to expire February 15 cents lower. USDA’s national base hog price was reported at $87.00 on Thursday morning, down $1.28 from the day prior. The CME Lean Hog Index was 20 cents higher on Feb 6 at $86.52.
Export Sales data showed a total of 28,643 MT of pork sold in the week ending on 2/5. Shipments were tallied at 36,991 MT.
