Lean hog futures rebound on CME, up 0.4% to 74.3¢/lb
CME lean hog futures settled up 0.4% at 74.3 cents a pound, reversing Tuesday’s lower close. The Hightower Report said futures are positioning for a turnaround and suggested buying pullbacks on October hogs.
Lean hog futures on the CME settle up 0.4% to 74.3 cents a pound, turning around after settling lower on Tuesday.
Hog futures have been gradually positioning themselves for a turnaround, says the Hightower Report in a note. "Speculators can look to buy a pullback on October hogs," says the firm.
Ho…