Warning: session_start() [function.session-start]: open(/var/tmp//sess_f3af818ff643680e10aed454e219458a, O_RDWR) failed: No space left on device (28) in /usr/home/customers/5menterprise/www.thepigsite.com/includes/config.php on line 4

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /usr/home/customers/5menterprise/www.thepigsite.com/includes/config.php:4) in /usr/home/customers/5menterprise/www.thepigsite.com/includes/config.php on line 4

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /usr/home/customers/5menterprise/www.thepigsite.com/includes/config.php:4) in /usr/home/customers/5menterprise/www.thepigsite.com/includes/config.php on line 4
Pork Futures: Hog Lose Ground
decrease font size
increase font size
change type face
bookmark this page
email this page
print this page

ThePigSite Latest News

Search ThePigSite:
Section:

Use the above box to search this section or the whole site
Thursday, March 27, 2008
Print This Page

Pork Futures: Hog Lose Ground

CHICAGO - Chicago Mercantile Exchange lean hogs closed lower Wednesday on profit-taking, fund selling and caution before Friday's hog report.

Pork bellies finished sharply lower with May futures limit down. And, live and feeder cattle suffered significant losses.

After a mixed start on leftover buying that clashed with worries about front-month premiums' to the CME hog index, pork futures took a decidedly bearish path amid profit- taking and skittish buyers.

Spot April and nearby June losses mounted after both contracts fell below moving average support levels, which alerted funds and tripped sell stops.

And, despite rising cash hog prices and higher Chicago Board of Trade corn futures, hog market participants chose to adjust positions in preparation for the U.S. Department of Agriculture's quarterly hog report on Friday at 1 p.m. EDT.

To continue reading this article please click here

Source: FXstreet.com


Our Web Sites
ThePigSite
ThePoultrySite
TheCattleSite
TheFishSite
TheBioenergySite
Chinese Web Sites
ThePigSite China
ThePoultrySite China

Friday 9th May

Search Site


Warning: Unknown: open(/var/tmp//sess_f3af818ff643680e10aed454e219458a, O_RDWR) failed: No space left on device (28) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0