According to the USDA’s latest Weekly Export Sales report, pork net sales of 15,100 metric tons (MT) for 2014 were up 77 percent from last week and 83 percent from the four-week average.
Increases were reported for Mexico (4,100 MT), Canada (2,000 MT), South Korea (1,600 MT), Colombia (1,400 MT), and the Dominican Republic (1,200 MT).
Exports of 13,400 M, a marketing-year high, were up 40 percent from the previous week and 32 percent from the four-week average. The primary destinations were Mexico (2,200 MT), Colombia (1,400 MT), Japan (1,300 MT), Canada (1,100 MT), and the Dominican Republic (1,100 MT).
Doane Advisory Services reports that disappointing reports on Wednesday afternoon weighed on hog futures, causing an overnight pullback. June hog futures stumbled 0.27 cents lower to 125.97 cents/pound early Thursday morning, while December skidded 0.12 to 90.90.