Spin-spin interaction and spin-squeezing in an optical lattice

We show that by displacing two optical lattices with respect to each other, we may produce interactions similar to the ones describing ferro-magnetism in condensed matter physics. We also show that particularly simple choices of the interaction lead to spin-squeezing, which may be used to improve the sensitivity of atomic clocks. Spin-squeezing is generated even with partially, and randomly, filled lattices, and our proposal may be implemented with current technology.