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    Uncertainty over coronavirus puts selling pressure on US hog markets

    The global hog markets got another dose of bearish news late this week, as the coronavirus on Thursday was reported to be escalating in its rate of new illnesses in China.
    calendar icon 17 February 2020
    clock icon 4 minute read
    By: Jim Wyckoff
    North America
    Prices still in accelerating downtrend and bears have solid technical advantage.
    Prices still in accelerating downtrend and bears have solid technical advantage.

    Now, no early clues that market bottom close at hand. © Jim Wyckoff

    Prices move into lower boundaries of the trading range of the past few years, suggesting the downside is limited at present levels
    Prices move into lower boundaries of the trading range of the past few years, suggesting the downside is limited at present levels

    © Jim Wyckoff

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    Jim Wyckoff

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