Lean hog futures are down 40 to 60 cents so far on Thursday. USDA’s national base hog price was not reported on Thursday morning due to low volume. The CME Lean Hog Index was down another 4 cents on March 31 at $90.41. Thursday will be the last trade day for the week as the markets are off for Good Friday.
USDA’s Export Sales report indicated 53,049 MT of pork sold in the week of 3/26.That was the largest for the calendar year. Shipments were 39,758 MT in that week, a 5-week high.
