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Suppose a livestock market economist at Purdue University issues the following statement regarding the market for lean hogs on 11.1.2023. 'Producers report that they have
Suppose a livestock market economist at Purdue University issues the following statement regarding the market for lean hogs on 11.1.2023. 'Producers report that they have 2% fewer animals in the breeding herd than a year ago". Given this information, a fundamental analyst would likely interpret this information (ceteris paribus - holding everything else constant) to: O cause lean hog futures prices to increase given less animals in the breeding herd will ultimately result in a reduction in the amount of slaughter hogs produced in the future. O cause lean hog futures prices to decrease given less animals in the breeding herd will ultimately result in a reduction in the amount of slaughter hogs produced in the future. O cause the price of wheat to go up since people will likely eat more bread than pork. O cause corn prices to increase
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