Good evening DH, and Thanks again for your forum. I am going to quote part of an end of day e-mail I received.

CONSIDER IT HIGHLY LIKELY THAT HOGS PUT IN A NEAR TERM LOW TODAY. They possibly put in a longer term seasonal low. The low timing is not due until this time next week. Typically hogs have a chance of working higher during Sept, typically climbing the wall of supply. This fall is vastly different than any we've experienced in a long time. Two new major packers are coming on-line. Typically this should and likely will cause margins to narrow substantially. Current margins are extremely profitable as they have been for nearly a year. THE CRUX IS THE FACT THAT DEMAND FOR US PORK HAS NEVER BEEN GREATER. The monthly C/S report confirmed this.

He had a lot more to say but you get the idea! I have a good load of Oct & Feb hog positions, but not nearly as many as I could have. I have been doing day trades from the long side all week, today I did 25. I just did not have the courage to hold them and they have all been profitable! I believe tomorrow will be an up day, maybe a strong one!

Dewey