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Thursday, June 08, 2006

Markets To Watch Today

Copper: Copper futures ended the day higher, after a test of key support drew buying interest. Grupo Mexico SA announced a force majeure on Copper deliveries due to an ongoing strike at its Cananea Copper mine. July Copper closed at $3.5840/pound, up 9.45 cents

Lean Hogs: Strong cash Hog prices combined with higher pork cutout prices sent Lean Hog futures sharply higher. June Lean Hogs closed at $71.42, up $1.12

Energies: It was a down day across the energy complex yesterday, as rising petroleum inventories and hopes for a potential deal with Iran over its nuclear program sent prices sharply lower. July Crude Oil closed at 70.82, down 1.68 and July Unleaded Gasoline closed at 2.1240, down 0.0548.