date:Jan 04, 2013
xceeded forecasts. The most negative numbers seemed to apply for the summer 2013 outlook, which explains the relatively large losses suffered by those contracts.
However, the swine market may come back strongly today, since the Monday afternoon pork report indicated a sizeable increase. Moreover, the passage of the fiscal cliff deal seems likely to give the whole commodity complex a boost. February hogs edged 0.65 cents lower to 85.72 cents/pound on December 31, while the June contract dove 1.