Eoin Treacy's view

I went on holiday with an open long position in Lean Hogs. It was a relatively uneventful week for the contract, however over the last two days the price has pulled back rather sharply and has now broken the short-term progression of higher reaction lows. I closed my long at $58.89 against my purchase on August 4th at $58.73 including spread-bet dealing costs. The relative weakness of the grain and bean as well as animal products contracts also influenced this decision.