The USDA has now added pork to their weekly U.S. Export Sales report.
According to this week’s report, pork net sales of 48,400 MT for delivery in 2013 were primarily for Mexico (23,900 MT), Canada (6,700 MT), Ukraine (3,200 MT), Australia (3,100 MT), Japan (2,700 MT), Hong Kong (2,000 MT), and (South Korea (1,500 MT).
Pork exports of 7,000 MT were mainly to Ukraine (2,600 MT), Mexico (1,400 MT), Japan (1,000 MT), Canada (1,000 MT), and China (300 MT).
On Wednesday the hog market moved generally higher with spillover support from the cattle pit. The hog market remained mixed overnight into Thursday, reflecting the conflict between Wednesday’s significant cash gains and the late-afternoon report of sizeable wholesale losses. The fact that spring and summer futures are trading at substantial premiums to the CME lean hog index may be limiting their upside potential at this point. May hog futures slipped 0.25 cents to 89.90 cents/pound in overnight electronic trading, while June inched 0.02 cents higher to 92.50.