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Barchart.com reports that lean hog futures closed out the Tuesday session with contracts down 47 to 95 cents. August was the exception, up a tick. The CME Lean Hog Index was down another 42 cents at $89.90 on June 21. Typical seasonal strength has not been there this spring. USDA quarterly Hog and Pigs data will be released on Thursday afternoon. Trade estimates are looking for all hogs on June 1 to be up 0.8% from a year ago. That is seen from the marketing numbers, expected 1.2% higher, with breeding inventories down 2.7% according to a Reuters survey of analysts. Higher numbers of pigs per litter have partially offset lower sow numbers in recent reports. According to Hightower Report, August hogs started yesterday strong but were unable to hold the rally and ended the day unchanged. Pork belly stocks were 7% from last month and 14% lower than last year. “The report may offer some support for today’s trade although the more important June 1 hog and pig inventory report comes out tomorrow afternoon,” Hightower Report said.





