It immediately broke down and traded to the session low at 89.90. All in the first 5-minutes of the trading session. It consolidated the rest of the session and settled near the high at 90.875.

Chinese authorities have pledged to rein in hog production and reduce soymeal use in animal feed to stabilize hog prices.

August Lean Hogs gap opened higher and made the high of the day at 106.60. The market turned lower, closed the gap and broke down to the low at 105.575. It changed direction again and made its way ...