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Austin Schroeder at Barchart.com said, “Lean hog futures saw gains of $1.80 to $2.80 on Wednesday. Preliminary open interest was up 6,039 contracts on Wednesday. USDA’s national average base hog negotiated price was up 38 cents on Wednesday afternoon to $86.22. The CME Lean Hog Index was down another 63 cents from the previous day at $85.37 on April 14. The markets will be closed for Good Friday, with Thursday trade rounding out the week.” The Hightower Report said, “Very strong technical action in the hog market yesterday as the June contract extended its streak of higher closes to 6 consecutive sessions. Since the April 9 reversal low, June has rallied $10.00 and some profit taking is likely to be seen today ahead of the long weekend.”





