Cash hog prices actually stabilized yesterday, quoted from up .50 to down .50. This was a departure from the outright lower cash we've experienced for a couple of weeks. However, looking ahead into next week it's
hard to expect anything but sloppy lower in the cash hog market. The product, especially the retail pork remains offered and discounted in an effort to clear burdensome stocks. The Dec hogs have poked their head up early today. Watch this contract closely on a trade above 8800, which was the support until yesterday. Now it's the resistance. If you want on board the trend look to sell Dec hogs somewhere between 8800 and 8900. Risk 100 points from entry. Yesterday's break down in the chart signals a possible move down to 8000. The surge upward in the dollar today will work against exports.

I tried selling hogs today but I was late and a little high! I have no positions at this time.
Dewey