Hogs End Lower on Sinking Feed Costs, Likely US Herd Expansion
Hogs were under pressure on Thursday, but were able to close mixed with funds offering support late in the day. February hog futures closed at $70.22, up $.475 as futures caught support against the old highs at $69.00. A drop below $69.00 basis February would signify a deeper correction of the recent rally. ARC Research…