Lean Hogs Little Changed

Lean hogs are trading steady to lower Thursday morning. July Hogs are trading at 79.62, down 0.25. August Lean Hogs are trading at 79.90, down 0.35 and October hogs are trading at 69.02, down 0.27. On Wednesday the USDA revised 2015 pork production up by 60 million pounds and raised exports by 50 million and reduced imports by 20 million pounds. Trading is expected to remain very choppy. Market talk about traders buying July and selling August and October Hogs is making the rounds.