Pork Futures: Lean Hogs Closed Flat to Firm
CHICAGO - Lean hogs closed flat to firm, with June ending weaker, July unchanged and remaining contracts moderately higher. Lower cash prices and bear-spreading pressured spot-June but lifted July from a four-month low. Speculative buyers waded into far months, particularly October through 2008 April, because of their board discounts compared with other trading months.