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Lean Hogs Futures - May 24 (LHc1)

CME
Currency in USD
Disclaimer
97.50
-1.08(-1.09%)
Closed

Lean Hogs Futures Discussions

May at 70 today
$45 coming
Pork consumption should go up faster now with states opening and warm weather (grilling season), that will not boost LH to 70 at least? Why would June, July hogs drop to 45?
its a game....
 Might be but do you really see 45 in summer and not testing 70?
Back to $45
 I closed some longs on 65-64, think we drop to 60, 55 to buy back?
 Rose too quickly
 Doubtful my man, people are going back to work.
Think we see 70-74 near term, maybe 80-90 long term (this year)?
As states are opening, restrictions are easing, restaurants will be open again, grilling season is here, could this be buy any drop or still too risky?
Hi everyone
Yes I am deleting it now bro, which broker you using
Stopped moving just like yesterday.... What is wrong with this platform
Plus500
For the pass 5 hours hasn't move a penny
I do bro
What nean cash 82$
Spot price
It was 50-55 on chikago yesterday?
Which beoker do you use?
Stock price down, but on shelves it costs 10-15% more then usual
No buy action.... Boring market
Static here but on plus500 is moving... I never like that broker.... Full of scam
Forcing workers to go back to **** I don't think they would go back to work if they have family. It will definitely not come back to its previous full production capacity unless they are sure about their safety
Imagine your safety without any income
"SENIOR US TRADE OFFICIAL: CHINA IS VERY, VERY COMMITTED TO IMPLEMENTING COMMITMENTS UNDER PHASE 1 US-CHINA TRADE AGREEMENT DESPITE PANDEMIC." LH should be doing well.
Will price go back up to 59.75?
So May is +3% (56.75) while June is -0.60% (55.78), bulls buying cheap hogs keeping price up or something else?
I guess yesterday was consolidation
why did the prce decrease today?
up or down?
This was the boost we got? https://www.upi.com/Top_News/US/2020/04/23/Farmers-start-to ***pigs-they-cant-sell-to-slaughterhouses-due-to-closures/8001587596149/
after all enough hog available?
We went up so well, why this drop, profit taking?
 Sure but summer is near and restrictions are easing, people wanna go out, get fresh air and grill, visit restaurants again etc, think this will not give boost? At 57 prices are just too low for all farmers.
 more processing plants open means more supply, price drop, but is not that easy, still short of supply.
 True, but when workers have Coronavirus, they cannot work and could infect others, so it's irresponsible to open plants? What is Trump thinking trying to force people to get sick... Unions could raise against this?
Even german newspapers report about meat shortage in us.
LH June is the best buy
2020 June 90++ is the targer price
2010 july 85++
2011 June 95++ July 105++
Little too much or not, what would support this price?
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