Lean hog futures experienced mixed results on Thursday, May 4, 2023, with front months decreasing by 20 to 32 cents, while other contracts rose by 5 to 80 cents. The CME Lean Hog Index increased by 9 cents to $91.19.
According to the USDA, pork export sales for 2026 reached 30,843 metric tons (MT) for the week ending April 30, with Mexico as the top buyer at 14,800 MT, followed by Japan with 6,100 MT. Shipments hit a nine-week high of 40,369 MT, primarily directed to Mexico (17,700 MT) and Japan (5,900 MT).
The USDA reported a pork carcass cutout value of $95.60 per cwt, up 50 cents. Thursday’s estimated federally inspected hog slaughter was 484,000 head, totaling 1.928 million head for the week, which is down 12,000 from the previous week but up nearly 10,000 from the same week last year.
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