Lean Hogs to potentially see continued heavy selling

9 months ago 180

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Heavy selling hit the market Friday and may continue to start the week. Stochastics is showing bearish divergence and profit taking by the longs will likely be a factor on a rally today. If prices bounce early in the session, selling pressure could result in a lower close. Could this be a long-term top? Too early to say but the extended nature of the move is certainly a warning sign for the bulls

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In weighted average negotiated prices for barrows and gilts, USDA reported:

Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said.

Boxed beef cutout values fell for Choice and rose for Select, the USDA said:

In weighted average negotiated prices for barrows and gilts, USDA reported:

Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said.

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