received. I had read that hog producers in China are losing a bunch of money because of low hog prices. That suggests the likelihood of China's 1.35 billion people gobbling up our excess pork right now is very remote.

I'm mostly just a numbers person, Dewey. All I know about the hog market is what I pick up from the many reports that the USDA releases. I pour over them quite carefully and then I share them on the Forum. It seems to me that the hog market has more, better fundamental data available than any other market. When I develop a directional bias, I try to share the numbers that causes that bias to swell up inside me. Sometimes I am right and sometimes I am wrong. The closer we get to the futures expiring, the more reliable my Hog Pricing Model becomes as a trading tool. But even then the trading decisions are educated guesses.

Over and over I remind myself of what our departed friend Long Bear often said, "In the hog market you can always expect the unexpected."

Best wishes,

dhm