Lean hog futures closed the Thursday session with losses of $1 to $1.50. USDA’s national base hog price was reported at $112.43 on Thursday morning, up 53 cents from the day prior. The CME Lean Hog Index was down 29 cents at $107.04 on July 8.

Export Sales data showed a total of 24,263 MT of pork sold in the week ending on July 3. China was the top buyer of 8,800 MT, with 7,300 MT sold to South Korea. Shipments were 30,093 MT in that week, with 12,700 MT headed to Mexico. 

USDA’s FOB plant pork cutout value from Thursday afternoon was back up $2.09 at $114.15. The loin and rib primals were reported lower, with the rest higher led by the ham and belly. Thursday’s estimated hog slaughter was 473,000 head by the USDA, with the week to date total at 1.891 million head following a revised Wednesday total. That was up 70,000 head from last week but 736 head below last year.

Jul 25 Hogs  closed at $107.250, up $0.150,

Aug 25 Hogs  closed at $106.225, down $1.000

Oct 25 Hogs  closed at $92.275, down $1.500,