LIVESTOCK-CME mixed Hog Futures

Meanwhile, CME lean hog futures were mixed, with nearby hogs slipping while most-active June futures firmed.

“The hogs are a tough one. We had a bullish hog and pigs report (last week), and it’s been nothing but down since,” said Smith.

CME nearby April lean hogs eased 0.025 cent to 99.025 cents per pound, while the benchmark June contract added 0.425 cent to 114.575 cents per pound.

On a continuous basis lean hogs lost 2.246% for the week.

Hog processors slaughtered 2.43 million head for the week, 4,000 below the week prior and a 0.98% lower from a year earlier.

The CME Lean Hog Index, a two-day weighted average of cash hog prices, fell 40 cents to $100.68 cents per pound. (Reporting by Christopher Walljasper; Editing by Vinay Dwivedi)