Lean hog futures were 22 cents to $1.37 lower on the Thursday session. USDA’s national base hog price was reported at $91.39 on Thursday afternoon, down $1.50 from the day prior. The CME Lean Hog Index was another 23 cents higher on March 10 at $91.20.
The weekly USDA Export Sales report showed 23,723 MT of pork sold in the week ending on March 5, the lowest this calendar year. Mexico was the buyer of 5,200 MT, with 3,700 MT to Japan. Weekly shipments were 38,897 MT, which was up from the week prior.
