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Austin Schroeder at Barchart.com said, “Lean hog futures closed the Tuesday session with mixed action, as contracts were up 52 cents to down 27 cents in the nearbys. USDA’s national average base hog negotiated price was reported at $86.83 on Tuesday, up $1.85 from the day prior. The CME Lean Hog Index was down 17 cents from the previous day at $88.19 on April 4.” The Hightower Report said “Weakness in the stock market this morning is a negative factor although the U.S. dollar is also sharply weaker. Speculators can look for a strong hog close in the face of macro market weakness as the first sign that prices have fallen far enough.”





