Lean hog traders eye a bottom after futures finish lower
Lean hog futures ended lower as traders look for the floor of the downward trend. Dave Toth of StoneX said the bottom could appear soon and urged shorter-term traders to pare or neutralize bearish exposure.
Livestock traders are looking for the floor of the downward trend seen in lean hog futures — with that bottom potentially appearing soon, says Dave Toth of StoneX in a note. "Shorter-term traders are advised to pare or neutralize bearish exposure to circumvent the risk of lateral-to-higher prices i…