Pork net sales started off 2014 by soaring to 21,100 metric tons (MT) but have now returned closer to normal.
According to the USDA’s “U.S. Export Sales” report, 9,900 MT of pork net sales were reported for Mexico (3,200 MT), Japan (1,700 MT), South Korea (1,700 MT), Canada (1,600 MT), and Colombia (500 MT).
Exports of 11,500 MT were primarily to Mexico (4,300 MT), South Korea (1,700 MT), Japan (1,500 MT), Hong Kong (900 MT), and Canada (900 MT).
On Thursday, the hog and pork complex tried to follow cattle and beef higher. However, February hogs slipped 0.05 cents to 86.55 cents/pound just before dawn Thursday, while June was unchanged at 101.20.