for my cattle/hog spread @ 78.15-----and once again still waiting for a place to get my short cattle leg on. I now have doubts about the 118.00 target happening and am trying to convince myself that 116.00 is possible. I don't like the sound of anything below a $38 spread. I wiped the slate clean for my hedgers today-----made deposits on a few April @ 65.70 and a lot of June @ 78.20.
I'm getting tired of the short side and I really hope we don't get forced into another round of short June for awhile. I would really like to see June retest the 83.00-84.00 area before I have to start thinking about shorts again.