 Hog futures were back and forth last week as the market battled technically oversold conditions against softening cash prices. July hogs have held a narrow range as the market has converged with cash ahead of expiration, while August hog futures held above the previous week's low. The cash hog index was lower throughout the week, marking the fourth consecutive week lower and the second week under $80. Hog carcass weights are now seasonally declining but are still four pounds heavier than a year ago and above the five-year average.