According to the USDA’s Weekly Export Sales report, pork net sales of 8,000 metric tons (MT) for 2014 were down 17 percent from the previous week and 26 percent from the four-week average.
Increases were reported for Mexico (3,200 MT), Japan (1,400 MT), Australia (800 MT), South Korea (600 MT), and Canada (500 MT).
Pork exports of 10,200 MT were down 6 percent from the previous week and 5 percent from the prior four-week average. The primary destinations were Mexico (3,300 MT), Japan (1,900 MT), South Korea (1,500 MT), Canada (1,100 MT), and Hong Kong (800 MT).
Doane Advisory Services shows overnight, overnight CME hog sales were spurred by the expiration of May futures. June hogs plunged 1.32 cents to 119.25 cents/pound early Thursday morning, while December lost 0.35 cents to 92.95.