Lean hog futures were mostly lower on Thursday, with contracts down anywhere from a tick to 67 cents. Open interest was down 1,538 contracts on Thursday. USDA’s national base hog price was reported at $90.16 on Thursday afternoon, down $1.742 from the day prior. The CME Lean Hog Index was up 27 cents on April 14 at $90.60.
Pork export business was tallied at 37,285 MT for the week that ended on April 9, which was back up from last week. Mexico was the top buyer of 11,300 MT, with 8,200 MT sold to Japan Shipments were slightly higher at 35,336 MT. Mexico was the top destination of 15,600 MT, with 5,400 MT.
