No Support Yet for the Falling Hog Market

Lean hog futures did not show any sign of support today. August through December closed almost on the day's lows. July was still on the lower half of the day's range. This is not a positive sign at all. After last week's sharp break, there is no sign yet of support. The trade is now pricing for larger US supplies seasonally in August and also the end of the China buying story.

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