I liked it so good that I got out of all Short positions! It was a good trade. I just bought 3 Oct & 5 Dec on the close. I expect Dec to make a new low tomorrow and if they do I will be buying some more. I have marked down a major low made in 2009 at 43.05. Dennis Smith has a target of 41.10 for the Dec. When I set a target, it seems like it has a tendency to fail!
There seems to be no shortage of bearish news for the hogs and very little friendly news. Friday of next week is the pig report. My goal is to be out or not have a large position!
Trust your day was very profitable also today.
Dewey