Market Overview

Lean Hogs Higher

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February Lean Hogs settled at 71.52, up 2.10. April Lean Hogs settled at 74.95, up 2.90. June Lean Hogs settled at 84.57, up 3.00.

Wednesday's USDA hog slaughter was 433,000 head versus a year ago at 374,000 head.

February Hogs dropped in post-settlement trading and are trading at 70.90. Chatter that February Hogs will stay near 68.00 to 71.00 into February are making the rounds.

Posted-In: Futures Commodities Markets

 

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