Livestock Report

Ben DiCostanzoGeneral Commentary

   The April Lean Hogs contract continued its wild trading ways, opening higher from Monday’s settlement, trading to its high at 64.375 and then getting pummeled. This time it fell more than 2 handles, stopping just below support at 61.80 at 61.775. It bounced and settled at 62.325. Price failed just below resistance at 64.80. If settlement fails, a re-test …

Livestock Report

Ben DiCostanzoGeneral Commentary

The April Lean Hogs contract continued its wild trading ways, opening higher from Friday’s settlement, trading to its morning high at 63.00 and then getting pummeled, breaking 2 handles to the low of the day (and down move) at 61.00. The market reversed course and traded up the remainder of the day, making a new high at the end of …