Livestock Report – Walsh Trading

The December Lean Hogs contract is now the lead contract as its volume has overtaken the October contract’s volume. The December contract broke down hard, reversing Monday’s strong rally and going limit down for the trading session. It settled at 67.675 which is below the 67.80 support level. A continuation lower could see price test support at 66.55. Support then comes in at 64.80. A rebound could see price consolidate within the Tuesday range. The Lean Hog index continues to fall and is at 58.48

Source: Livestock Report – Walsh Trading