Hog futures fail to hold onto morning gains.

We're not sure exactly why August futures were up 2.55 this morning. We've already had a reaction to China's supply news and have no confirmation that means they have increased buying of US pork. The failure to hold any of those gains by the day's close is reasonable. US hog offerings and weights, and the lack of confirmed short term China buys are counterpoints to bullish hopes.

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