Friday, July 30, 2010

April 29, 2009

Swine Flu and Lean Hogs

North American pork hit with bans on flu scare via Reuters

Below is the weekly chart of Lean Hogs. You need not listen to government statements and denials. The market price of Lean Hogs will tell the story. The swine flu is having ramifications on the market for Lean Hogs. The ramifications will be measured precisely by the price of Lean Hog futures. It looks to me as though Lean Hog futures will trade much lower. I will continue to monitor this situation.

Lean Hogs

Lean Hogs




This will also have ramifications for Feeder Cattle. Feeder Cattle looks like a safer short here. They have not sold off as much as Lean Hogs. Yet!


Feeder Cattle

Feeder Cattle

Peace

More on this topic (What's this?)
The Swine Flu Play (Contrarian Profits, 7/30/09)
Sinuvac (SVA) Reports Swine Flu Success (Contrarian Profits, 8/18/09)
Lean Hog Prices Poised to Climb in 2009 (Blogging the Commodity Bull Market, 12/22/08)
Read more on Lean Hogs Futures, Influenza outbreak at Wikinvest

Categories: Commodities, trading

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