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Good evening, Dewey. You are not alone in - -
In Response To: Hogs by Dennis Smith ()

not knowing what hogs are going to do. The numbers may be suggesting that packers have also been caught not knowing what hogs were going to do and now they may have a few too many. A few years ago I remember that Smithfield got caught with too many hogs and ended up liquidating a huge number of sows. I suppose it could happen again. I don't think the Hog Cycle has been repealed. It is not looking like a deep, deep trough will be hit this spring but things could be very different when fall rolls around and the kill rate takes off.

Maybe China will be looking for pork by then.

Good luck with your MMMs, Dewey. I won't touch them as outrights until they become front-month.

Best wishes,

dhm

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Hogs by Dennis Smith
Good evening, Dewey. You are not alone in - -