Lean Hogs Little Higher
Tuesday's USDA hog slaughter was 426,000 head versus a year ago at 411,000 head. Lean Hogs futures were firm early on and traded sharply higher.
Market talk about some selling seen in June by spreaders and commercial activity pressured Hogs near the highs of the session. After the USDA grain report came out, selling came in and Lean Hogs erased most of the day's gains.
June Hogs were trading weak at 75.75, up 0.20. August Lean Hogs were trading at 77.67, up 0.407. April Hogs were trading at 62.32 up 1.02.
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Posted-In: hogs lean hogsFutures Commodities Markets
