date:Dec 11, 2012
ile its April counterpart fell 0.45 cents to 134.50 cents/pound.
Fridays Russian news also seem to depress CME lean hog futures, since the drug concerned, ractopamine, is probably more heavily used for hogs than for cattle. Large seasonal losses in both cash hog and pork values probably weighed upon the market as well. Thus, February hogs fell 0.90 cents to 83.55 cents/pound on Friday, while June futures dropped 0.70 cents to 98.32 cents/pound.
Anticipated cattle weakness may also weigh upon