The market could see some end of the week selling to bring February hogs closer to the cash market, but a jump in pork values may lend support. The surge in the US dollar over the past few days is seen as a negative force. The market closed slightly higher on the session yesterday but well off of the mid-session peak. A jump of 167 points off of the lows to trade sharply higher into the mid-session was impressive, but the market settled back into the middle of range by the close.
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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 Nasdaq, Inc.
