You thought oil was weird?
Check out what's happening with meat.
Virus related plant closures are sending pork prices higher. But farmers may be forced to euthanize their hogs, because they have nowhere to take them. Packer profit margins surging bloomberg.com/news/articles/…
Check out what's happening with meat.
Virus related plant closures are sending pork prices higher. But farmers may be forced to euthanize their hogs, because they have nowhere to take them. Packer profit margins surging bloomberg.com/news/articles/…
I was asking earlier if there was a pig version of the crack spread (the difference between crude oil and refined petroleum products) and that above chart is basically it.
Amazing old letter from John Maynard Keynes about trading different pig futures
