December lean hog (HEZ26) futures present a buying opportunity on more price strength.
See on the daily bar chart for December lean hog futures that prices have rebounded from the recent contract low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the blue MACD line crossed above the red trigger line and both lines are trending up. It is my bias that the lean hog futures have put in a market bottom.
