Lean Hogs futures climbed marginally to hold breakout gains. 7/9/26

Ted Seifried of Zaner Ag Hedge reviews the recent performance of October Lean Hogs futures, highlighting a marginal gain that successfully sustained Wednesday's significant breakout. The session marked the highest close since June 3 and represented the first time the contract finished above its 50-day moving average since mid-May. Seifried attributes the upward momentum to substantial short covering by managed money, noting a drop of roughly 8,000 contracts in open interest. Additionally, he analyzes the latest weekly export sales data, which showed a 53% week-over-week decline to 17,700 metric tons, and notes that traders remain focused on ongoing market volatility. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #LeanHogs #Commodities #AgMarkets