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Hogs, Pork Bellies FuturesPlunge

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  • Hogs, Pork Bellies FuturesPlunge

    Americans giving up bacon? Normally I would say fat chance.....

    Hog futures for June settlement dropped 3 cents, or 4.2 percent, to 68.65 cents a pound on the CME. The exchange limits the daily gains or losses on hog contracts to 3 cents. The most-active contract fell 9.8 percent in the past year.

    Pork-belly futures for July delivery also fell 3 cents, or 3.6 percent, to 80.8 cents a pound on the CME.

  • #2
    Re: Hogs, Pork Bellies FuturesPlunge

    Wow - Pork bellies still a better investment than bank stocks which are down on average 20% ytd!

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    • #3
      Re: Hogs, Pork Bellies FuturesPlunge

      I read somewhere that the demand for pork products has fallen by 80%+.

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