Lean Hog Futures Trading Higher

October lean hogs are trading at 59.72, up 0.50 cents /lb. December lean hogs are trading at 54.20, up 0.27 cents/lb. February lean hogs are trading at 58.92, up 0.15 cents/lb. Lean hog futures are trading choppy and higher just after the open. Market chatter about the USDA grain report due out later today, cash prices and consumer demand is making the rounds. Friday's USDA hog slaughter was 435,000 head and Saturday's was 363,000 head. The total for the week was 2.084 million head, down from 2.252 million head the previous week and up from 2.049 head million a year ago. Trading is expected to be choppy with possible wide ranges on both sides of unchanged.
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