MURICO.com Forum

Hogs have once again proven------

the strong addiction to the $5 range extension to get the $10 fix. Seldom does it to perfection but tends to overshoot rather than undershoot. Dec hogs have a qualifying overshoot but doesn't have to stop here with todays high. An extra 50 cents or $1 may or may not happen. My guess is that a 2-3 dollar setback for Dec is the most to expect. Feb hasn't yet gotten its $10 fix but will likely happen. My expectations for Feb during the next 3 weeks is a $5 range between 54-59. Then choose an Up or Down direction when it becomes front month and will very possibly have an 8-10 dollar premium over the index------completely opposite disconnect to what we had a month ago. This is the decade of DISCONNECT and a force to reckon with.