Austin Schroeder at Barchart.com said, “Lean hog futures posted Wednesday weakness of 62 cents to $1.175. Preliminary open interest showed some longs liquidating, down 3,311 contracts. USDA’s national average base hog negotiated price was reported at $93.00 on Wednesday afternoon a 2 cent dop from the day prior. The CME Lean Hog Index was up another 60 cents from the previous day at $88.78 on April 28.” The Hightower Report said,” Hog open interest fell more than 3,300 contracts yesterday, an indication the break was driven by long liquidation rather than new selling. Despite this week’s pullback, which may continue through week’s end, the overall trend remains higher.”