COMMODITY REVIEW AND OUTLOOK
195 Route 6A, Suite 6, Orleans, Massachusetts
800-634-3194(March 15, 2000) HOGS: Worries that the cash market is topping out encouraged a bit of profit-taking, especially after the recent rally. Stop-loss buying was a feature of today's trade. The so-so close suggests caution. April hogs are at a premium to the lean hog index, which may weigh on further advances. The supply/demand picture on the hogs is a bit murky right now, so traders should exercise caution, especially after the recent rise.
M. Steven Morgan
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CONSENSUS, INC. AND INVESTORS
CO-OP
1737 McGee
Kansas City, MO 64108
(816) 471-3862