Good afternoon Itz, I have a feeling next week will be a downer for hogs. The only thing wrong with that thinking is I am oftentimes wrong!
The noon cutouts were stronger than I expected and probably cause of rally. I would not be surprised to see end of day weaker. The rapidly rising hog weights are showing signs of hogs backing up I believe and may ultimately crash this market. I am thinking Monday's opening may be the high for the week!
If I am correct I will be out of all positions by the end of week and will have had a great trade, great week, and wonderful year! Only Time will tell if my thoughts are correct and as you know the thing we have trouble with is TIMING.
Have a good weekend,
Dewey