Hog futures bounce as packer margins turn positive - CME

Chicago Mercantile Exchange (CME) lean hog futures rallied from a six-month low on Tuesday on fund short-covering and technical buying, and as cash pork prices strengthened, Reuters reported, citing analysts.Pork packer margins have also emerged from the red, fueling expectations of improving demand for hogs to expand the slaughter, they said."The hogs got very oversold from a technical standpoint and the large speculators had already gotten short in the market, which they rarely do," said Doug