Lean Hogs Move Down

April Hogs are trading at 58.80, up 0.70. June Hogs are at 74.65, up 0.12. Trading has become weak.

Chatter that cash is weak has led to some selling after a move higher early on. Market talk that 30,000 hogs are coming in from Canada due to some labor problems has traders concerned about further selling and more weakness. Chatter that exports are non-existent has led to selling on rallies.