MURICO.com Forum

Those hog bulls maybe asking themselves

What the H is going on! The market may be giving the little clues that record hog numbers don't deserve expected or typical seasonal rallies. The 9 year cycle low will not be denied, the washout that is waiting to open up a Sink Hole 2 to 3 months out. I would like to see 1 more rally to pack a north bound "Bull Trap" party train to the rafters. I need(would like to see) another 2-3 dollars put on the topside of the Oct and Dec contracts. I made the mistake of talking 73.00 Oct and 68.00 Dec to my hedgers and now they don't want to look at nothing less.

South lines hit this morning @ 80.10 and first deposit made @ 79.80. Second deposit order sitting @ 79.50. The 78.50-79.00 area may be calling for a test but I doubt if it would happen today. The 79.50-79.75 area completes the downside for all that HAS to happen today, so I'm not going to expect or be stubborn for anymore than what I see on the menu. I seldom get dessert, now that I'm thinking about it-----I don't always get what's on THE MENU, so my stop on the remaining short has been pulled down to break even. Strange things can happen on Fridays.