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“Recent upside reversals have underperformed, and the bulls may be wary until the market shows convincing upside extension,” the Hightower Report said. “National cash hogs were down another $4.62 yesterday on top of the more than $10 break on Monday, and if the market is able to disregard cash weakness and close higher today, it would be a sign the weak cash has been priced in.”
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In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures posted losses of 25 cents to $1.57 on Friday, as December fell $5.35 on the week. Ope…
In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures continues to face weakness on Wednesday with contracts down $1.05 to $1.87 at the clo…
“CFTC data confirms managed money increased their net short position to a new record high but that in and of itself is not a friendly factor u…
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