the March WASHOUT has me trading the short side on April hogs. That means I should have good opportunity for the north lines catching some bounces for the next several weeks as the market tries to defend the 70.00 potential support area. I was hedging producers @ the 72.00 area. I had my own 72.25 target for several weeks and wouldn't you know, the market laughed at me by stopping @ 72.22. I was alert enough to set a pair of lines @ 71.60 to make a deposit on one @ 71.00 and planning on holding the other until damage control takes me out. I believe the 68.00 area needs a retest to prove or disprove that as support. It would not surprise me to have damage control take me out before it breaks below 70.00.