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October lean hogs settled at 83.675 after a month-end short-covering rally that carried through the 83.325 resistance. The rally followed a strengthening pork cutout that gave back some gains in the afternoon.
Analysts said a bounce in cash prices needs the cutout to keep rising.
Short covering and a firmer cutout support near-term hog futures, but cash prices must follow for the rally to hold. A failure at resistance could bring a retest of lower support.
barchart.comBen DiCostanzoAug 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
