Lean Hogs Market Faces Potential Decline in Prices

Reported about 11 hours ago

October lean hog futures are showing signs of weakness as prices have fallen from June highs and bearish momentum has developed. The USDA's latest report indicated higher hog supplies, further contributing to a weakening market. A significant decline below the support level of $91.525 could suggest further price drops, with an objective of $84.00, while resistance is noted at $95.00.

Source: YAHOO

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