Good morning Spike, I put on another long trade with av of 65.63 on Oct. Just got out awhile ago at 66.85 & 66.90 on all of them, am now flat again! I feel like pinching myself to see if I might be dreaming!!
Spike, a lot of money is being made & lost in this market right now. I keep thinking short is the way to go but fortunately I have been long and Not wrong! I plan on staying out of market for rest of week and will look at it again on Monday. I will quote from an analyst a few words-- If cash starts moving higher, Aug futures will become explosive next week. Aug goes off board one week from Monday. Plenty of time for all sorts of action! Outlook and positions are Bullish.
Also, new Coldwater plant will start buying hogs for slaughter in a couple of weeks.
Have a good weekend.
Dewey