DTN Closing Livestock Comments

Lean Hog Futures Close Sharply Lower

(DTN file photo)
The lean hog pit slumped lower Wednesday with new spot June closing down the full trading limit (i.e., 300 points). On the other hand, live and feeder contracts landed impressive rallies, fueled by aggressive short covering and technical buying.

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P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]