CME update: hog futures rally on technical buying

US lean hog futures rose on 14 December, rebounding from weeks-long lows in recent trading.
calendar icon 15 December 2020
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"We hit the bottom end of the range so we are just bouncing back," said Don Roose, president of brokerage US Commodities.

Chicago Mercantile Exchange (CME) February lean hogs rose 2.45 cents to 65.675 cents per pound.

The contract found support at the low end of its 20-day Bollinger range before rallying above its 100-day moving average.

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