Hogs Fill The First Chart Objective May 3, 2022
After a short lived attempt at higher pricing in the morning trade, the relentless selling effort returned in hogs. Another new low was posted. seen for this downtrend in hog futures. Until the market sees otherwise, the US market is now pricing in a zeroed-out worse-case scenario for future Chinese purchases. The first of the market's two chart based downside targets, the 101.95 - 102.07 gap on the June contract, was filled.
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Allendale Insider
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Market Movers
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Possible light fund short covering yesterday
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SA maps still look solid for rains in the 10 day
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Open interest continues to fall drastically
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