CME: Lean Hogs Futures Keeping Pace with Cash Hog Market
US - To say it has been a wild ride in the Lean Hogs futures
markets this week would be just a bit of an understatement,
don’t you think? Wednesday’s limit down—limit up day made us
feel we were caught in a time warp and had been transported back to
a long-lost frozen pork bellies futures pit! Though not unusual for
bellies, we cannot remember such a day for either live hogs or lean
hogs. One may have occurred but we can’t recall it, write Steve Meyer and Len Steiner.