Lean hog futures are falling $1.125 to $2.35 so far on Thursday. USDA’s national base hog price was not reported on Thursday morning due to light volume. The CME Lean Hog Index was another 7 cents higher on March 17 at $91.93.
Export Sales data showed new pork business of 28,284 MT in the week that ended on 3/12, up 19.2% from the week prior. Shipments were at a 4-week low of 35,674 MT in that week.
