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Jerry Welch's Thoughts

Looking at the entire board, there is nary a market higher except for stocks, shares, equities and the Dow. And of course, the US dollar.

For the rest of today, the only thing to focus on is where the markets close. Any market that can post a gain today, will likely to well next week. If I had to pick a market that could improve and possibly post a higher close by settlement it would be front month December lean hogs that are sharply lower with futures just touching $64.30 a bit ago.

But keep in mind that simply because I favor front month hogs here on weakness does not mean I will be right. After all, virtually every market on the board is lower if it is a commodity because the dollar is higher and bonds much lower. Still, I doubt that front hogs have much left on the downside. But nonetheless, I just suggest to those that subscribe to my twice a day newsletter, Commodity Insite to go long December hogs at the market. And the last trade as I type furiously away is $64.35.

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Jerry Welch's Thoughts
Thanks for the post, Dewey. It will be - - -