Hog Futures Profit-Taking Retreat
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lean hog futures marketsBarchart
•Business
Business & Economics
Lean Hog Futures Warn of a Market Top, But Can Burgers and BLTs Save the Day?
75% Informative
August lean hog futures (HEQ25) saw a profit-taking setback late last week after hitting a contract high of $ 113.375 a hundredweight on June 17 .
The hog market bulls have faded, technically, as a price uptrend on the daily bar chart has at least temporarily been negated.
Pork cutout value ( KMZ25 ) and the CME Lean Hog Index are presently at their highest levels in almost three years , despite the relatively larger U.S. hog herd.
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