According to the USDA’s latest “U.S. Export Sales” report, pork net sales of 21,100 metric tons (MT) were reported for the 2014 marketing year, which began Jan. 1.
These sales were primarily for Mexico (6,300 MT), South Korea (4,800 MT), Canada (2,300 MT), and Australia (2,100 MT).
Exports of 1,900 MT were mainly for Japan (700 MT), Mexico (500 MT), and South Korea (200 MT). Net sales of 1,100 MT for Dec. 27-31 were for Mexico (700 MT), Japan (300 MT), and Honduras (100 MT).
A total of 24,200 MT were outstanding on Dec. 31 and carried over to the 2014 marketing year.
Exports of 6,500 MT were for Dec. 27-31, were for Mexico (2,700 MT), Japan (1,100 MT), and South Korea (700 MT). Accumulated exports for 2013 of 382,300 MT were reported during the year.
On Wednesday, CME hogs followed cattle higher, and prices were supported by technical buying and strength spilling over from the cattle pit. Spot market weakness weighed on CME hogs overnight into Thursday morning. February hogs sank 0.32 cents at 85.25 cents/pound in early Thursday trading, and June tumbled 0.52 to 100.52.