Cash is called steady to down $1.00. Hurricane Michael is causing more problems with Smithfield in NC. Smithfield cant catch a break. First hurricane Florence, then a tragic accident resulting in the loss of an employee, now another hurricane. So another major slaughter disruption by Smithfield. This should keep all other producers pulling ahead. The weekly kills have been running well below projections based upon the most recent hog & pig report. The action in the Oct/Dec is suggesting, to me, that the cash market is still headed higher. For reference, the latest CME lean hog index stands at 6934. Is this a top in the cash or simply a pause before taking another leg up? If cash takes another leg upward then Dec hogs are severely undervalued. Weve been securing Dec puts as a means of hedging production, leaving the upside open. Another case of ASF was reported overnight in China, in Liaoning province. This is the third case reported in this province this week. ASF is expected to continue spreading in China. We have no information regarding the numbers of pigs culled. Im not sure what happens today in hog futures, guess Ill flip a coin like everyone else.

Tim, thought I would send this to you! Everyone seems to be guessing! I have bought some more summer months this morning.

Dewey