Pressure in lean hog trade continued to develop late Tuesday. Despite a midday bounce higher, the weakness in the complex quickly eroded any buyer activity that attempted to move into the market.
Firm pressure seen in lean hog trade quickly pushed prices lower in nearby trade. This offset a midday rally that was unable to hold, causing concerns of further losses. Cattle markets remain mixed in limited activity.
Corn futures are lower in light trade. May futures fell 3 1/2 cents per bushel. Dow Jones Index is 145 points higher with Nasdaq up 105 points.