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    US hog market languishes amid coronavirus outbreak worries

    The US hog futures market continues to trade choppy and sideways at lower levels, as the pork market bulls remain very timid amid the ongoing coronavirus scare that continues to upset the global marketplace.
    calendar icon 9 March 2020
    clock icon 5 minute read
    By: Jim Wyckoff
    North America
    Prices still in downtrend and bears have overall technical advantage. However, more gains in very near term would suggest that market bottom is in place
    Prices still in downtrend and bears have overall technical advantage. However, more gains in very near term would suggest that market bottom is in place

    © Jim Wyckoff

    Prices move into lower boundaries of the trading range of past few years, and now starting to rebound, suggesting more upside price action in the coming months
    Prices move into lower boundaries of the trading range of past few years, and now starting to rebound, suggesting more upside price action in the coming months

    © Jim Wyckoff

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