Shouchuang Futures: Live Pig Futures Contract 07 Long-Short Battle Continues to Intensify

Today, the live hog futures LH2607 contract continued its previous rebound under emotional driving forces, with open interest steadily increasing, and the bulls and bears ongoingly contesting. During trading, it reached a high of 11,445 yuan/ton, an increase of over 2%. However, the high backwardation in distant months, lagging spot price gains, and the slow pace of capacity reduction form strong constraints, likely representing a phase of emotional rebound rather than a trend reversal. Currently, the overall situation is in a low-level rebound followed by consolidation, with the upward trend not fully broken, but short-term upward momentum weakening. In terms of operation, avoid chasing highs and wait for high points to short more safely. (First Capital Futures)

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