The Hightower Report said, “Hogs resumed their uptrend yesterday on another day of strong trading volume. In addition a notable jump of over 5,100 contracts in open interest confirms new long positioning. The relatively shallow pullback seen over the last week and a half, following a major rally since early April, favors the bull camp.” Austin Schroeder at Barchart.com said, “Federally inspected hog slaughter for Wednesday was estimated at 490,000 head by the USDA, taking the weekly total to 970,000. That is up 7,188 head from the same holiday week last year.”