Lean Hogs futures establish new contract lows before rebounding to close near unchanged, maintaining position within a broader downward channel. The Relative Strength Index registered at 41%, avoiding extreme levels. Meanwhile, large speculators carry record net short positions based on the latest Commitment of Traders data, establishing conditions that technical traders continue to monitor. In physical markets, weekly export sales reached 35,300 metric tons, matching the previous week's robust performance and pushing the four-week average 10% higher.