The lower close for February hogs yesterday, comes as a surprise to The Hightower Report, “given the news of the largest ever weekly sales total of U.S. pork to China.” If talks continue on an “upbeat” today, February hogs should see a resumption of their uptrend, The Hightower Report says.

With the sharp advance in pig prices in China and very strong packer margins in the U.S. and a record U.S. pork purchase from China, there appears to be more upside for the market, The Hightower Report says.