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“October hogs lost early upside momentum Tuesday and closed see lower and near the bottom of the day’s range. Open interest rose 4,300 contracts on the break. Bearish cold numbers may have contributed to Tuesday’s selling and trading volume hit a new high for the month,” The Hightower Report said.
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In weighted average negotiated prices for barrows and gilts, USDA reported;
“October hogs closed marginally higher after finding support after probing down into Friday’s range. A higher close does confirm Friday’s reve…
In weighted average negotiated prices for barrows and gilts, the USDA reported:
“Seasonal pressure remains in place, and the bears have the edge,” the Hightower Report said. “China’s imports of pork in July were down 31.1%…
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