Yesterday I shared with you the assumptions made in crafting the Hog Pricing Model to project a cash settlement index for the GGGs. When i up-dated it this morning the projected cash settlement was 65.075 with a range of 64.575 to 65.575.

And I found it interesting.

It has been my observation that generally there will be some Big Dog traders come along about this point in time in front of cash settlement and give us a limit move. It may be up or it may be down but these large moves seldom hold. I will be cautious because of this possibility.

Have been in an out of my long GGGs a couple of times today and am currently long will. I plan to have the other one in place to carry over-night.

Best wishes,

dhm