Re: DH, I don't know------

if this is the last washout or not. It did put in a new low with limit down, so I would have to label it a washout that may not be finished yet. At 73.15 June hogs will have that $5 range marked out but they seldom mark the range with perfection and under the circumstances a dollar or more overkill can be expected.

Having an extra day for the weekend gave me a chance to really overthink any or all of the markets I deal with. My hallucinations had me believing June hogs would retest the 74.00 support area and June cattle would put in a new contract high. I did not like the results concerning my cattle/hog spread if that happened------so I had no other choice but to use my fishing lines to see how it played out with sell stops on hogs @ 76.05 and a buy stop on cattle 118.50. Now I'm back to the drawing board for my attempts to get this years cattle/hog spread working.

I did start the first layer of June hedges for my producers @ 119.15 today. I told them it was a "test the waters trade" we will get aggressive at the 120-121 area. I hope that doesn't prove to be an over friendly Hallucination. I'm undecided at the moment, for another attempt to get long June hogs.

Messages In This Thread

The final Purchase Index for - - -
Re: The final Purchase Index for - - -
Yes. Indeed, Dewey, it has been - - -
Re: DH, I don't know------
You labeled i correctly, ITZ. This IS - - -
Re: I need to pick your brain DH----
I am happy to share some of my numbers - - -