Lean hog futures closed 20 to 35 cents higher on Thursday, with August down 27 cents. USDA’s national base hog price had a weighted average of $113.61 on Thursday afternoon, down $1.36 from the previous report. The CME Lean Hog Index was up 64 cents at $109.23 on July 22.
Export Sales data showed 17,003 MT of pork sold in the week ending on July 17, down from the week prior. Mexico was the top buyer of 7,200 MT. Shipments were slightly improved from last week, up 27,573 MT. Of that total, 11,800 MT was sent to Mexico.
