February hogs traded sharply higher on the session finding support from a bullish tilt to outside market forces. Easing monetary policy in China and central bank support in Europe helped to drive the US dollar sharply lower and this sparked ideas that import activity might pick up steam. China has already been an active buyer of US pork in recent months with a record high monthly total for September and talk that China may be an active buyer ahead of the Lunar Holiday's at the end of January. The market also found some support from higher trade in the cash market this morning when traders expected lower cash trade.
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