but how BEARISH will the reaction be since everyone was thinking BEARISH. The numbers weren't too much above the estimate guesses but if the June inventory is new record high. How much higher will the mountain pork be when we get to early Sept marketings------will we be in the middle of a trade war to beat demand into the GRAVE?? Right or wrong, since I have been preaching this type of report, to my producers from my highest Soapbox, since the beginning of the year-------I had no other choice but to tell them to sell 25% of production @ 61.50 the last hour of trade minutes. Then we also set sell stops for another 25-40% of production @ 60.42 for Mondays open.

I regret to say that only my handful of aggressive hedgers took my advice. All but one of the other producers wanted to see the report first, the one did sell 1 @ 61.50(only 10% of Aug to Oct production), we have had a lot of orders @ 62.50-63.00 from late last week, that everyone was more than willing to pull the trigger on and they didn't want to do it any lower. Now they will be forced to or cry about it for two months. I would like nothing better than to be proven wrong, for their sake, but I have a hard time believing that we won't get that LUCKY.