Weekly Purcell Report

by 5m Editor
4 August 2004, at 12:00am

US - Agricultural US Commodity Market Report by Wayne D. Purcell, Agricultural and Applied Economics, Virginia Tech.

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.

5m Editor