Commodities finished mostly higher in NY except for Hog and Pork Belly futures which were sold off again despite the WHO renaming the swine flu. The June Hog futures traded down 3.3% to finish at 64.50 cents per lb, down 10% since last Friday.
Copper rose in London and NY on the back better US labour data and fresh declines in copper stock piles. It finished up 2.1% at $2.0475 a lb on Comex.
Nymex crude rose 15c to settle at $51.12 on the front contract despite US oil demand in February falling to its lowest level in 11 years!
The CRB Index settled up 0.6%. After bouncing off 200 in early March, it now finds itself trading between 215 – 230.
