We are not suggesting the market has fully ignored Friday's bearish Hogs and Pigs report. It is likely more that with holiday trade this week we saw those new bears from the couple of weeks take a little quick profit.
Last week’s cash trade averaged $153.55 according to USDA’s closely followed five area report. This is 3% over last year’s $149 average price in the same week. Free market sales were a bit over the previous week’s incredibly small level.