CME update: hog futures fall on profit-taking

US lean hog futures were mixed on 20 October, with hog contracts falling on a round of profit-taking.
calendar icon 21 October 2020
clock icon 3 minute read

Support was noted around the contract's 10-day moving average, a key technical point it has not traded below in two weeks.

Traders noted growing concerns that rising COVID-19 cases in the United States could keep people at home, slash restaurant and food service demand.

Read more about this story here.

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.