According to the USDA’s Weekly Export Sales report, pork net sales of 9,600 metric tons (MT) for 2014 were down 2 percent from last week but up 2 percent from the four-week average.
Increases were reported for Mexico (3,400 MT), Japan (1,800 MT), South Korea (800 MT), Canada (800 MT), and China (600 MT). Decreases were reported for Australia (200 MT).
Thursday’s report also showed pork exports of 10,900 MT, up 19 percent from the previous week and 6 percent from the four-week average. The primary destinations were Mexico (3,400 MT), Japan (1,900 MT), South Korea (1,400 MT), Canada (1,100 MT), and Hong Kong (800 MT).
Doane Advisory Service shows a slip in the hog market overnight into Thursday. June hog futures slumped 0.42 cents to 120.75 cents/pound Wednesday night, while December dropped 0.57 cents to 94.22.