The Hightower Report said, “Weak technical action to close out last week was a near-term negative for hogs and the inability to extend rallies has been the theme lately. The bulls might point to the fact that Friday’s low at least held the mid-April lows but the market needs upside follow-through to shift the recent bear trend. The detection of pseudorabies in Iowa likely had something to do with Friday’s weakness and the USDA will be doing additional testing to nearby farms to gauge the extent of the problem. If global buyers begin to put restrictions on U.S. pork imports, that could be a significant near bearish market force.