Lean Hog Trade Recommendation
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.Buy June Lean Hogs at 77.50/Target Price 80.30/Stop 76.40
The USDA raised their estimate for 2005 pork exports to 2.53 billion pounds from 2.285 billion pounds estimated last month. The 245 million-pound increase in exports offset an adjustment higher in production of 135 million-pounds. Also, the bullish setup for the COT report adds a positive tone.
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
tony@ifgfutures.com
posted by tony woods @ 10:11 AM
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