mighty tricky. Once again I will quote Long Bear, "In the hog market you can always expect the unexpected."

Did you see the cutout report yesterday?

Bellies were down another 11.59!! They have suffered an almost 40% crash in less than three weeks. I forget the percentage, but the bellies make up a significant part of the hog carcass.

Yesterday POP was a shorting opportunity that we missed, ITZ.

Best wishes,

dhm