Lean Hog Commentary
Bears ran the show this morning with sharp declines early on. December hogs at one point were trading limit down ($3.00). It was interesting to see there was quite a strong rebound in the later part of the day. At the time of this writing the December is actually up 5 cents in the still-trading electronic market. On the charts this strong rejection of lower prices would imply higher prices for the next day or two…
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