Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base hog price was reported at $89.92 on Thursday afternoon. The CME Lean Hog Index was back up 24 cents on April 7 at $90.30.
Export Sales data from this morning showed 31,347 MT of pork sold in the week of 4/2, a 4-week low. Mexico was the buyer of 14,700 MT, with 3,700 MT sold to Japan. Shipments were a calendar year low at 35,122 MT in that week. O that total, 14,400 MT was headed to Mexico, with 4,900 MT to Japan.
