If you are in December hog futures, you will want to roll by the end of the week, if you have not already. February lean hogs started the week on softer ground but managed to defend the bottom end of the recent range, 65.40-66.50.
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February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown.
February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.
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