Lean Hog futures rebound from oversold levels as export sales rise.

Ted Seifried analyzes the latest price action in Lean Hog futures as the December contract bounces from oversold territory. Seifried breaks down the recent surge in volume and open interest, pointing to a potential new record short position for managed money. He also discusses the impact of lower cash cutout values on the market and highlights the strength in weekly export sales, which reached 42,300 metric tons as global buyers step in for cheaper U.S. pork.