JUNE LEAN HOGS (electronic session ok)

(5/8): Lean hogs settled lower as traders focused on the lack of cash market support and higher corn values as well as pressure through the rest of the livestock market, Brownfield Ag News reported. The drop in pork carcass value on Monday also weighed on futures. Pork trading was moderate with mostly light to moderate demand and offerings. Pork carcass cutout value was up .42 at 78.87.

JUNE LEAN HOGS (electronic session ok)

(5/7): Lean hogs also turned around from early morning losses to settle mixed, Brownfield Ag News reported. Support came from the higher prices in the cattle complex and Friday’s higher wholesale pork prices. However, traders continue to focus on the lack of fundamental support in the pork complex and have created questions as to how low the market can go. Pork trading was slow to moderate with light to moderate demand and offerings.

JUNE LEAN HOGS (electronic session ok)

(5/3): Lean hogs ended higher but off the day’s highs. Although the triple digit rally across the live cattle market helped to draw additional traders into the market, both commercial and investment traders looked at the lean hog market as extremely oversold and the moderate to strong buyer activity indicated that traders are quick to step into the market looking for additional market support over the near future. Pork trading was light to moderate with light to moderate demand and offerings.

JUNE LEAN HOGS (electronic session ok)

(5/2): Lean hogs settled with triple digit losses after being stuck in a narrow trading range for much of the session, Brownfield Ag News reported. The lack of buyer support was based on the expectations that additional weakness will be seen in the pork cutout values at the end of the day as well as a lack of morning cash price direction. Pork trading was slow, with light to moderate demand and offerings.