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Lean Hogs

Lean Hogs

Improving fundamentals are supportive of the hogs market as prices are building off recent low, and technically, the market is improved, said Matthew Strelow of Total Farm Marketing. The cash market and lean hog index have been firming.

August hogs closed higher on the session yesterday with a quiet inside trading day while October hogs closed sharply higher on the session and the buying push the market up to the highest level since June 16, according to The Hightower Report. Outside market forces turned positive plus a further advance in pork cutout values has helped to support.

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Like beef, pork cash markets have been quiet to start the week and looking for strength, Total Farm Marketing said.

There is still no technical sign of a short-term peak with October hogs making new highs on Friday. However, any sign of weakness for pork pro…

The price action yesterday may have been technically driven, but the October contract closed below the 50-Day moving average, which should set…

Futures are coming off a “difficult day” Wednesday and will be trading with expanded limits, Total Farm Marketing said. “The price action toda…

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