Cash was fully steady on the interior yesterday. Cutout was higher, edging into new high territory for the summer. Futures finished lower but the Aug outperformed the rest of the board and all contracts closed off their lows. I’m looking for a move higher, likely today, led by the Aug lean hog contract. Look for the April lows to hold. Thus, buying a flat to mixed early trade just might work??? The heat wave is going to restrict movement and really slow weight gains in hogs.
Don't know how low hogs are going before a rally, but some day they should go up!! Bought some more this morning, like BlindHog used to say "I don't know why I do this"!!
Dewey