The August lean hog contract closed modestly higher, marking the second consecutive positive session in June as technical indicators showed signs of a potential bottom formation. Lean Hog futures emerged from oversold territory, with the relative strength index rising to 34%. Meanwhile, weekly average hog weights decreased by 1 pound from the prior week to 289.4 pounds, indicating increased marketing currentness, though weights remain above last year's levels and the five-year average of 285.6 pounds to suggest an ample overall supply. Additionally, the weekly export sales report revealed a slowdown, with sales reaching 23,500 metric tons, representing a 40% decline from the previous week and a 26% drop from two weeks prior.