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“Commitments of Traders data showed managed money had already reduced their net longs to a 6-week low as of Tuesday of last week,” the Hightower Report said. “December hogs formed a weekly reversal higher, and that is likely to support breaks this week. Estimated U.S. pork production for the week ending July 19 is 495.3 mln pounds, down from 500.9 mln the previous week and down from 501.3 mln a year ago.”





