Weekly Purcell Report

US - Agricultural US Commodity Market Report by Wayne D. Purcell, Agricultural and Applied Economics, Virginia Tech.
calendar icon 4 August 2004
clock icon 2 minute read


Lean hog futures are well above uptrend lines, but I would continue to look at short hedges.

Huge profit margins can be locked in and if the $76 or so cash market, $56-57 on a live basis, starts to weaken on a seasonal basis, short hedges out through the end of the year will make sense.

It is hard to make a mistake if you can lock in profits up to $50 per head.


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