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Austin Schoeder at Barchart.com said, “Lean hog futures saw mixed action at the Tuesday close, with front months down 40 to 62 cents and August holding onto gains, up 55 cents. Preliminary open interest was up 4,366 contracts overall, with June down 2,924 and July 1,170 lower. USDA’s national average base hog negotiated price was reported at $98.84 on Tuesday afternoon. The CME Lean Hog Index was up $1.06 on May 30, at $95.90.” The Hightower Report said, “The USDA estimated hog slaughter came in at 482,000 head Tuesday. This brings the total for the week so far to 945,000 head, up from 480,000 last week at this time but down 957,699 a year ago.”





