Pork plunge!

Bears are feasting on Lean Hog futures of late, with the most active April contract losing nearly $4 last week as high slaughter rates and weak pork cutout values continue to weigh on cash Hog prices. This combination is giving traders a reason to sell Hog futures, which are trading at a nearly $2 premium to the CME 2-day Lean Hog index, reading 62.27 as of March 16th. Read More....