THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

		Reportable Positions
Exchange & Commodity		Non Comm. Long or Short Only		Non Comm. Long or Short (Spreading)		Comm.** Long or Short Only		Total Reportable Positions		Non Reportable Positions***
	Reporting Level	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long
Lean Hogs (CME)	50 contracts	26.1	65	9.29	50	27.7	40.7	63.1	52.1	36.9	46.4
Last Reporting Period		23.9	66.4	7.22	50	31.3	40.6	62.5	51.6	37.5	47.3
Pork Bellies (CME)	25 contracts	43	58.3	10.3	50	6.96	14.3	60.2	51.8	39.8	47.3
Last Reporting Period		39.5	60.8	5.99	50	7.61	23.3	53.1	54.2	46.9	45.2
Live Cattle (CME)	100 contracts	16.6	77.1	7.27	50	40	37.3	63.8	49.1	36.2	51.6
Last Reporting Period		14.3	77.1	8.66	50	41.3	37.7	64.3	48.1	35.7	53.4
Feeder Cattle (CME)	50 contracts	16.6	86.6	6.31	50	24.5	38.6	47.4	56.9	52.6	43.7
Last Reporting Period		14.3	85.3	4.53	50	28.8	47.7	47.6	59.2	52.4	41.6

*Reporting positions as of May 6, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on May 9, 1997.

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