After falling by 34 percent last week, U.S. pork exports rebounded this week.
The USDA’s U.S. Export Sales report showed pork net sales of 9,600 MT for 2013, which is up 20 percent from last week’s report of 8,000 MT.
Primary destinations for pork included Mexico (1,700 MT), Australia (1,600 MT), South Korea (1,500 MT), Canada (900 MT), and Hong Kong (700 MT).
Exports of 11,000 MT were primarily to Mexico (3,500 MT), Australia (1,600 MT), Canada (1,300 MT), Japan (1,300 MT), and Honduras (700 MT).
On Wednesday, optimism about the short-term situation boosted CME hog futures. Futures were mixed to lower in early Thursday morning activity. June hog futures declined 0.10 cents to 91.67 cents/pound early Thursday morning, while December futures were unchanged at 78.15.