After rebounded earlier in December, the USDA showed pork net sales of 5,900 metric tons (MT) for 2013, up 5 percent from the last week. However, the report showed sales down 23 percent from the four-week average.
Increases were reported for Mexico (3,500 MT), Japan (1,000 MT), China (600 MT), Canada (500 MT), and South Korea (200 MT). Decreases were reported for Hong Kong (200 MT) and Australia (100 MT). Net sales of 11,000 MT for 2014 were for Hong Kong (8,000 MT), South Korea (2,300 MT), and Mexico (700 MT).
Exports of 7,900 MT were primarily to Mexico (3,100 MT), Japan (1,400 MT), South Korea (1,400 MT), Australia (400 MT), and Canada (400 MT).
Hog futures were undercut on Thursday by late reports, and futures continued to slip overnight. February hogs sagged 0.12 cents to 86.95 cents/pound early Friday morning, while June skidded 0.22 to 100.85.