Lean hog futures closed the Friday trade with contracts a dime to 25 cents lower in the nearbys. February was up just 7 cents this week, as April was 97 cents higher. USDA’s national base hog price was reported at $83.56 on Friday afternoon, up 47 cents from the day prior. The CME Lean Hog Index was up another 67 cents on Jan 21 at $83.07.
Export Sales data showed 33,249 MT of pork sold in the week ending on January 15. Shipments were at 39,223 MT during that week.
