Word: flu
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...panic have gripped both traders and consumers, even though the Centers for Disease Control and Prevention and the World Health Organization have clearly stated that there is no evidence of contamination in raw or cooked meat. Although the genetic makeup of the H1N1 virus originated in pigs, the flu itself was not directly transmitted from pigs to humans. Ironically, there is at least one documented case of it going the other way: the flu has been transmitted from a man to a herd of pigs in Canada. But almost all transmission is human-to-human...
...stop-loss orders, which automatically initiate more selling as the price falls. In other words, as traders who had bought hog contracts at a higher price begin to lose money on their long positions, they are forced to sell them before their losses escalate. (See the top five swine flu...
...situation is frustrating for pig producers: the fall in pork prices has nothing to do with meat contamination and everything to do with the phrase "swine flu." It is pure psychology...
...less dramatically. Housing sales are picking up in some of the hardest hit markets, though prices are still dropping. Measures of business activity and consumer sentiment are returning to levels last seen before the great global financial panic of last fall. (Read about the impact of swine flu on the pork market...
Given the speed with which the H1N1 flu virus spread around the world - and the relentlessness with which it has been tracked by the media - it can be hard to believe that less than two weeks have passed since the Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO) first responded to reports of an unusual respiratory illness...