How Much Lower Will Lean Hog Prices Go Here?

June lean hog (HEM26) futures present a selling opportunity on more price weakness. See on the daily bar chart for June lean hog futures that recent price action has formed a potential bearish double-top reversal pattern. See, too at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. More News from Barchart Fundamentally, the selloffs in the cattle futur ...