Lean hog futures posted 35 cent to $1.35 gains across most contracts on Thursday. USDA’s national base hog report from Thursday morning saw trade averaging $107.29, down 47 cents from the day prior. The CME Lean Hog Index was down another 6 cents on September 9 at $105.93.
Export Sales data showed a total of 17,327 MT of pork sold in the week ending on 9/4, a 7-week low. China was the top buyer of 8,200 MT, with 4,700 MT sold to Mexico. Shipments were the lowest since mid-January at 23,358 MT.
