rounded corner
rounded corner
top border

Will Hog Prices Fill The Price Gap ?

Bookmark and Share

Lean Hog Futures---Hog futures in the February contract is trading sharply lower for the 4th consecutive session down another 172 points at 70.27 continuing its bearish momentum.

If you have been following any of my previous blogs you understand that I thought the price gap that was created on September 12th at 68.52 will be filled and then I will possibly be looking at a counter-trend trade, however be patient as this market still remains weak. The next level of support is around the 65/66 level as the volatility remains extremely high and I don't think that situation is going to end anytime soon.

Cattle prices are much stronger and are right near a multi-month high, but hog prices continually go down as U.S supplies are very large despite the fact that China has killed 250 million hogs due to the swine flu as I think eventually demand will pick up for this market and send prices higher, but at the current time picking the bottom is very difficult.

Hog prices are trading under their 20 and 100 day moving average as this trend remains negative, but it really has been extremely choppy over the last several months as I think we are in a bottoming out pattern so wait for the price gap to be filled before looking at any type of bullish position.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit




If youre looking to open a Trading Account click on this link

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

Recent articles from this author

About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2020, a product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy