is working. I guess I just got lucky. There is still plenty of time for them to dip right back to the 70 level if the search for the "Trough" this fall gets ugly. I scalped out of one of the long MMMs I have been HODLing near the close so I will be looking to get back in tomorrow is we get a dip. It isn't often that I take a position and dig in like this. Of course it isn't often that we come to the "Trough" in the Hog Cycle either. Only once every four to seven years.

And it is possible that this ASF scare is an illusion that will not bolster demand and we will be right back chasing the "Trough" in very short order.

But for now, "The Market" is thinking we have now posted the "Trough". There are a lot of hogs to be processed yet this fall and it remains a fact that "In the hog market you can always expect the unexpected!"

Best wishes,

dhm