Lean hogs closed Thursday Mixed, with front months steady to 25 cents lower and others 7 to 27 cents higher. The USDA National Base Hog price was reported at $84.51 on Thursday afternoon, down 79 cents from the day prior. The CME Lean Hog Index was $90.77 on July 23, up 69 cents from the previous day.

Thursday morning’s Export Sales update showed 30,200 MT of pork sold in the week that ended on 7/18, a 28% increase from last week. Shipments totaled 32,900 MT a 3% rise from the week prior.

Pork stocks in cold storage at the end of June totaled 470.9 million lbs. That was a 3.26% decline from the same month last year and 2.39% below the end of May USDA figure. 

USDA showed a firmer tone for the FOB plant pork cutout values on Thursday afternoon, with the average carcass quote up $1.19 at $105.95 per hundred weights. That gain came from all but the rib and picnic, as the butt led the way, up $6.48. USDA estimated Thursday’s FI hog slaughter at 475,000 head, with the WTD total at 1.888 million head. That is down 21,000 head from last week and 32,785 head above the year ago.

Aug 24 Hogs  closed at $93.775, down $0.000,

Oct 24 Hogs  closed at $77.800, down $0.225

Dec 24 Hogs  closed at $69.950, down $0.250,