Lean Hogs lower Friday on Overseas Concerns

February Hogs are down 0.60 at 75.02. April Hogs are trading at 77.87 down 0.47. June Hogs are trading at 87.60 down 0.32. Pork product markets weak but are ok, chatter that backlog of hogs from the weather was being worked off helped hogs trade steady on Thursday. However there are ship(s) with Canadian Pork that have been turned away from some ports in Russia and now are looking for a place to off -load and that has traders concerned. Chatter is starting to focus on Eastern Europe and the conflicts in Russia and Ukraine. Buying of June and selling of April is favored is being traded. Slaughter was 432,000 head. All U.S Exchanges are closed on Monday.in observance of Dr. Martin Luther King's Birthday. Investors should expect pre-holiday markets.