Good afternoon DH & Itz, It seems a lot of analysts & traders are like us! they don't know what to do and when they do it, it is wrong.
I was in that boat today, I planned on buying hogs but instead sold 5 Feb for a small profit and am flat the market again! Next week could be a surprise with the H&P report as there has been a lot of sows slaughtered in the last couple of months. Tomorrow I will be trying to sell Feb so if I buy, you will know my plan didn't work out! Long term I am friendly the Feb contract. I don't know why Dec was so strong today, tomorrow might be a good day to sell Dec and buy Oct or Feb, just a guess!
DH, I really appreciate all the work you do with your hog model. All the spreads you do makes me dizzy trying to keep up! Years ago I remember a trader by the name of Phil Tiger, he called himself a Tiger on Spreads!
Have a good night
Dewey