Five day hog break removes 8.35 from futures. August 18, 2022
Locked limit-down trade, -4.75, was noted for the October contract. Traders had previously been betting on both tight US hog supplies and hopes for Chinese buying. The Chinese buying portion of that narrative has not been proven. In just five trading sessions, from last Thursday's high to today's locked limit-down low, the October has fallen 8.35!
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