Lean Hogs Sharply Higher

Lean Hog are trading sharply higher Thursday. Trading is expected to be very choppy. April Hogs are trading higher at 65.80 up 1.62. Last in June Hogs last check was 80.65 up 1.50. Cash is a bit better but still at low levels and generally weak. Some talk of buying dips is beginning to surface. Lengthy cold weather can impair feeding and reduce some excess tonnage down the road. Chatter that that supply will decline into the spring is beginning make the rounds. Sellers are seen above the market and range bound trading is expected.