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Lean hogs

Lean hogs

The hog markets are “steady to lower” but there is an opportunity for a bounce, Total Farm Marketing said. “Yesterday, prices pushed under the key low established on June 24. This keeps the technical selling pressure and long liquidation in front of the market.”

The October contract is approaching the 50% mark of the contract range, at $80.35, but a break down to that level “is likely too far,” they said. “It would leave the market at extreme oversold level and also at an extreme basis.”

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