Nonetheless, steady to higher cash bids at times lifted spot April into positive territory. Contrarily, April and June's bearish premiums to CME's hog index, shrinking calculated packer margins and abundant supplies kept potential buyers on the defensive.

What's more, far-month buying interest was nearly non-existent despite Chicago Board of Trade feed grains' rally.

Spot April closed down 30 points at 64.07 cents a pound.

Actively-traded June closed down 27 points at 74.35 cents.

Hog market bulls took a step back on the open because of the lack of clear fundamental direction on the heels of flat pork cutouts on Monday and generally steady early Missouri direct and terminal cash prices.

However, nervous bears covered their positions after April punched through 100-day moving-average resistance with the help of April/June bear and June/July bull spreaders. Furthermore, April-commercial buying momentarily surfaced after cash values at major direct hog markets came in up as much as $2.45 per hundredweight.

Source: FXSTREET.com