reversal day for tomorrow on Oct hogs but maybe just enough to get a footing and then actually reverse on Monday. However I don't expect it to be the low is in reversal, just the hog market favored $5 range bounce to set up the last leg down to test bottom support @ the 87-88 area. I would like to believe we will see fill the gap support @ 89.75. I have seen the hog market get 20 cents away from filling the gap and say "that's good enough", the market could be saying that with todays low of 90.00.

I have several producers with 2 layers of shorts, one layer @ 100.20 and another layer @ 96.00, our plan is to take profits on the 96.00 layer and throw them back on with a short term bounce rally next week back up to the 95.50-96.00 area. Our deposit orders are sitting @ 89.80 and I'm suffering anxiety that 89.90 or even todays 90.00 low will have the market saying "that's good enough". I'm trying to talk them into sacrificing 20-40 cents and just make the deposit on retesting todays low area. They are stubborn on the thoughts of filling the gap. I have learned to not quibble over 40 cents, a $5 profit is plenty good for me. It might even decide to stay above 91.00 with tomorrow being Friday.