Lean hog futures fell $1.40 to $1.65 across the front months on Thursday, as expiring August was up a tick. USDA’s national base hog price was down 11 cents in the Thursday PM report, at $110.37. The CME Lean Hog Index was down 6 cents at $109.78 on August 12.
Pork export sales totaled 21,202 MT in the week ending on August 7, which was back down from last week. Japan was the top buyer of 6,500 MT, with 4,700 MT sold to Mexico. Shipments were a 3-week low at 26,989 MT. The top destination was Mexico of 13,200 MT, with 3,500 MT headed to Japan.
USDA’s FOB plant pork cutout report from Thursday afternoon was back down $1.32 at $115.18 per cwt. The butt and rib primals were reported higher. USDA estimated hog slaughter at 473,000 head for Thursday, taking the week to date total to 1.913 million. That was 84,000 head above last week but down 15,286 head from the same week last year.
Aug 25 Hogs closed at $109.650, up $0.025,
Oct 25 Hogs closed at $89.125, down $1.650
Dec 25 Hogs closed at $81.625, down $1.425,
