Lean hog futures posted are down $1.27 to $1.92 so far on Thursday. USDA’s national base hog price was back down $2.73 in the Thursday AM report, with negotiated trade at $109.36. The CME Lean Hog Index was down 77 cents at $110.22 on July 1. Today will be the last trade day of the week due to Independence Day on Friday. The government will also be closed.

The weekly Export Sales report indicated a total of just 27,130 MT of pork was sold in the week of 6/26, a 3-week low. Mexico was the top buyer of 15,200 MT, with 4,300 MT sold to Japan. Shipments were tallied at a 4-week low of 30,068 MT. The top destination was Mexico at 12,000 MT, with 4,300 MT headed to China. 

Monthly export data per the Census release showed 564.6 million lbs of pork shipped in May when converted to a carcass basis. That was a 3-year low for the month and down 3.1% from April. 

USDA’s c morning FOB plant pork cutout value was down another $1.25 at $109.50. The picnic was the only prial reported higher. Federally inspected hog slaughter for Tuesday as estimated at 482,000 head by USDA, taking the WTD total to 1.423 million head. That is up 9,000 head from last week and 7,701 head above the same week last year.

Jul 25 Hogs  closed at $108.050, down $1.600,

Aug 25 Hogs  closed at $105.975, down $1.925

Oct 25 Hogs  closed at $91.725, down $1.275,