MURICO.com Forum

Re: DH, I don't want to see------

you go to the woodshed either-----if you do, I'll have a couple hedgers mad at me. Yesterdays drop changed the picture for me, suggesting June hogs may need to retest the 71.00 support area. I was telling some of my better hedgers what your thoughts are. When I told them I would not bet against you or trade the opposite side of you during the expiration process-----they where highly in favor of sticking some shorts back on. So I had potential bounce resistance @ 75.10 for today, so we hung our orders there, so they have some hedges back on that we didn't plan on doing.

I didn't think to tell them that you are human and could be wrong this time but I didn't want to confuse them after I did such a good job of selling your expiration trade abilities. I wanted them to have a few shorts on anyway, since it's against my rules to trade front month at this time. I will be fishing the July contract going forward but I don't want to have my producers short July unless its above 78.00 and it may not want to go below 75.00, even if June decides to break below 72.00. So I decided to go with the thoughts of the Master for the next couple weeks.

Messages In This Thread

The CME Lean Hog Index component on the kill for -
Re: DH, I don't want to see------
You had it right, ITZ, when you - - -
Re: The CME Lean Hog Index component on the kill f
Thanks for sharing the e-Mail you had - - -