Lean Hogs Lower

June Hogs are trading at 83.25, down 0.47. July Lean Hogs are trading at 83.30, down 0.42 and October Lean hogs are trading at 73.92, down 0.25. Chatter about possible improving demand has led to some buying on dip in recent sessions. Friday's Cold Storage report showed frozen pork stocks at 699.6 million pounds as of April 30, up from 672.4 million at the end of March and up from 583.9 million a year ago. Supplies in the freezer were at all-time highs. Trading is expected to be rangebound and choppy.