Morning Hog Market Report 01/10

By International Business Times,  January 10, 2013, 11:07:17 AM EDT

With a high open interest and plenty of bearish technical signals, the market looks vulnerable to more long liquidation selling from speculators over the near-term. Warm Midwest weather, weak packer margins and a lack of tightness for the pork product market has helped to pressure. February hogs closed sharply lower on the session yesterday and pushed to the lowest level since December 12th. April also closed sharply lower with the lowest close since October 8th.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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