Lean Hogs Sharply Lower

Monday's USDA Hog slaughter was 424,000 head versus a year ago at 378,000 head. Lean hog futures traded sharply lower on Monday extending Friday's losses. At last check July Hogs were trading at 76.97, down 1.07, August hogs were trading at 75.32, down 1.40 and October Hogs were trading at 65.72, down 1.62. December Hogs at last check were trading at 62.77, down 1.92.