the trade is looking for or expecting the seasonal demand and seasonal lower numbers to bring together a price explosion. Most years, it does happen but the trade usually tries to out guess the market and the train gets filled to the rafters early and quickly. Some years the Northbound turns out to be a disappointment.

I'm sure there is potential for 81.00-82.00 but we may be disappointed this year with the record production increasing by the time we get to the next report. The March report is usually the lowest number of the year. The Northbound will give us a seasonal ride as it always does, it may not be as exciting or last as long as it usually manages to do. I really want to be wrong about my hallucinations of only $5 rallies for summer hogs because I want to see Oct hogs go to 73-74 and Dec to 70.00 as I prepare producers to be very aggressive hedgers at that point, which leaves me with doubts about being a case of having my sights set too high.

I did catch the bounce with the retag of 78.85 but not sure what to do with it since 79.50-79.75 is 60 minute resistance for today and may play the 79.00-79.75 range for tomorrow. The Prime Directive just gave me an earful of how dumb my thought process is at the moment, for not taking my additional 65 cent deposit here at 79.50 which makes todays catch a sizable increase in my bank account. It's usually the best choice for me, to take Prime Directive advice going into the last hour of trade, even if I do leave some on the table. Tomorrows a new Ball Game. Deposit order in @ 79.50 and damage control pulled up to 79.30, whatever happens----happens, I go home feeling very good about todays fishing.