Lean Hogs Higher

April Hogs are trading at 62.82, up 0.60. June Hogs are at 77.00, up 0.75. Trading is firm. Cash markets are still soft; some chatter that a seasonal decline in slaughter was coming has helped support price. Other market talk does not see the decline coming and believe the industry has not cut back production that much.

Trading is expected to be choppy and some selling of June on rallies is seen.