for the hog market are flying in the wind. If the wind dies down the caution flags may go off. The hog market is showing signs of strange things starting to happen along with all the other markets. Anyway it's a tough read for making choices. I want to be long June hogs but it's too early for me with the potential March WashOut just around the corner. A $10 WashOut is the common denominator, they have a good start BUT some years not very often they only have a 5 or 6 dollar dip which has already happened and followed with sideways trade into April for the time to get long for the rally when June is front month.
However I'm telling my hog traders to be patient for at least a retest of the 98.00 support area but they could still go after the common $10 Flush and we can't forget or ignore the possible $15 dig that I doubt will happen but whenever I have those thoughts----that's when it happens. This year has been very good at turning Doubts into Reality. There will be a time to get long June hogs but I'm going to be patient to let the month of March play out or at least half of it. I do have a potential cycle low do around the 2nd week of March. Strange things are happening so it might come in as a cycle high to make me look silly again which has happened for 2 months. The market might as well make it 3 just to weaken my confidence more.