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(September 19, 1997) HOGS: Cash traded both sides of the 50.00 level this week closing out with tops in the 50.00 to 51.00 area. Product was unable to firm up on Thursday and was down sharply at noon on Friday. Pork production out paced the same period last year by 3.3%. Futures closed sharply lower on weak cash news and technical sell stops. Volume of trade was light with out much buying paper present throughout the session. October closed down 1.05 and the December closed down 1.07 for the week. Volatility should remain the keyword for next week as traders even up options ahead of the Hogs and Pigs report on Friday the September 27.
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