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Austin Schroeder at Barchart.com said, “Lean hog futures found strength into the Tuesday close, as contracts were up $1 to $1.35. The national average base hog negotiated price was $88.55 in the Tuesday afternoon report per USDA. The CME Lean Hog Index was up 36 cents from the previous day on February 7 at $85.75.” The Hightower Report said “Last week’s 2 day island and gap higher continues to propel April hogs toward the contract highs of 93.60. The technical outlook remains bullish and if prices can exceed the contract high and breakout of the nearly four-month consolidation range, technical would suggest a test of the upper 90’s and possibly 100.000. The bull camp remains in control.”





