Lean Hogs Facing Price Weakness: Is a Fall Inevitable?

October lean hog futures present a selling opportunity due to price weakness. Prices have declined from June highs, with bears gaining momentum. USDA report shows higher hog supplies and weakening market fundamentals. A move below $91.525 in futures could lead to a selling opportunity with a downside target of $84.00. Technical resistance at $95.00.

It is essential to note that futures trading is volatile, complex, and risky. Investors should consider financial experience, goals, and resources before investing. Understanding risk exposure and reviewing disclosure documents from brokers is crucial. Author Jim Wyckoff does not hold positions in securities mentioned. Information is for informational purposes only.

Read more at Yahoo Finance: Lean Hogs Are Starting to Stumble. Are Prices Set to Fall?