Lean hog futures are trading with contracts within 25 cents of unchanged on Thursday. USDA’s national average base hog negotiated price was reported at $92.44 on Thursday morning, an 85 cent dop from the day prior. The CME Lean Hog Index was up another 47 cents from the previous day at $89.25 on April 29.

Pork export sales bounced back in the week ending on April 24 to 34,529 MT, a 4-week high. Mexico was the buyer of 20,000 MT, with 3,500 MT to Japan. Shipments were tallied at 25,816 MT, which was the second lowest this year. The top destination was Mexico at 10,500 MT, with 4,700 MT to South Korea

The Thursday morning pork cutout value was back up 15 cents at $96.76 according to the USDA. The rib and loin primals were the only reported lower. Tuesday’s federally inspected hog slaughter from USDA was estimated at 487,000 head, taking the weekly total to 1.461 million head. That is up 148,000 head from the previous week and 28,853 head above the same week last year.

May 25 Hogs  are at $92.000, up $0.075,

Jun 25 Hogs  are at $98.050, down $0.225

Jul 25 Hogs  is at $98.775, up $0.175,