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Tuesday, April 04, 2006

Lean Hog Futures Fell To 6-Month Lows

The other bear market: Lean Hog futures fell to 6-month lows today, as weak cash Hog prices and follow-through selling from the Live Cattle pit caused prices to plunge. June Hog futures fell their 200-point limit mid-day, as massive sell-stops were triggered below the recent lows at 64.95. Bargain hunting by local traders near the close allowed prices to end just off the limit. Read More....