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Austin Schroeder at Barchart.com said “Lean hog futures failed to hold onto gains on Thursday, with contracts down 7 cents in the soon to expire February and $1 to $1.30 in other nearbys. USDA’s national average base hog negotiated price was reported at $90.75 on Thursday afternoon, up $1.05 from the previous day. The CME Lean Hog Index was up another 89 cents on February 11 at $87.08.” The Hightower Report said, “April prices filled the gap left Wednesday morning and that may be strong enough support to encourage a rally today ahead of the holiday weekend. The cash index was higher again yesterday and the cutout was up sharply. A new 2 month low in the U.S. dollar today is also a supportive factor.”





