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Thursday, March 02, 2006

Markets To Watch Today

Lean Hog: Lean Hog Futures soared yesterday on support from bullish data released by the Agriculture Department and strong cash prices. April Lean Hog futures closed at 62.70, up 1.22 for the session.


Crude Oil: The Crude Oil market dismissed the EIA report revealing another increase in stocks, the ninth weekly increase in a row. Threats to production overshadowed excess inventories. April Crude is trading at 62.50 as of 9:05 this morning.


Copper: Copper prices jumped on news of a strike by miner's in Mexico, strong demand and technical chart-based buying. April Copper is trading at 2.2675 as of 9:05 this morning.