# LEAN HOGS EXPECTED TO GAP HIGHER, By Dennis Smith from Archer Financial Services - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info

> Grain futures fell sharply on normal weather, with November soybeans collapsing and July wheat trading at a discount to July corn. Lean hog futures were expected to gap higher after a limit-up session driven by short-covering on lower open interest.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36093-lean-hogs-expected-to-gap-higher-by-dennis-smith-from-archer-financial-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Favorable weather and the reduced fear of El Niño are pressuring grain prices lower, which helps feed costs. Hog futures are expected to rebound on short-covering rather than a fundamental change.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲
- WHEAT: bearish ▼

## Sources

- swineweb.com: https://swineweb.com/lean-hogs-expected-to-gap-higher-by-dennis-smith-from-archer-financial-services/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.