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Friday, June 16, 2006

Bulls Go Hog Wild!

Bulls go Hog wild! Traders holding long positions were as happy as pigs in slop yesterday, as Lean Hog futures posted new contract highs. Fundamentals remain positive, with low Hog supplies, strong pork demand , and higher cash market prices which have been behind the recent price surge. Commodity funds were eager buyers, triggering buy stops above 75.00 in the July contract. Read More....