Lean hog futures are giving back gains, with Thursday showing losses of $1.20 to $1.60 at midday. USDA’s national base hog price was not reported on Thursday morning due to light volume. The CME Lean Hog Index was 34 cents higher on March 3 at $90.18.
Export Sales data from USDA showed 36,103 MT of pork sold in the week of 2/26. That was back down 15.3% from the previous week. Shipments were at 37,842 MT in that week, which was a drop of 7.9% wk/wk.
