but I had hedgers selling Dec @ 58.00-58.45 on Friday. We added more today @ 58.25, I even managed to find the courage to get a short for myself. I try not to be a top or bottom picker as much as I used to do but when I have a negative cycle due to rotate as is the case for Monday and Tuesday, it leaves me no choice but to play the cycle setup. Of course my Damage control is set @ 58.67, so come what may. I do think the $5 sideways range is justified for awhile and a minor sell signal would trigger on a break of 55.95 and a weekly sell signal triggers with a close below 53.42 that would put a retest of 50.00 on the menu and also put Down momentum back in control.

I have to believe the northbound is packed to the rafters and anytime that happens-------the hog market is primed for the $10 addiction swing-----doesn't mean it will be $10 down, it may decide on $10 above 56.00 if the Hog Report is friendly. If the record production continues, I have to believe 58.00 produces a $10 drop but I'm not going to get stubborn with that thought.