Where are the hogs coming from? The weekly kill is projected to be up over 6% compared to last year. Packers are using the numbers to their full advantage, cracking the cash lower. The cash was down .50 to $1.00 yesterday and guess what, its called lower again today. The cutout was up over $2.00 yesterday so margins took a big jump into the black. Traders continue to sell out of losing long positions but with a very small change in open interest, someone is willing to take the long position at the lower price. I have no clue who the major players are. My guess would be that small specs are getting hammered, taking losses while commercials are going long. The COT data does not verify this, however. Volume was 67,000 with open interest down 800. Basically open interest is dropping out of the June and July with a build in open interest in the Dec, Feb and April. I have no outlook, no expectations going into todays trade

I am putting orders in to B Z hogs at 74.75 and B G hogs at 78.00, hoping I don't get filled as I need some up movement!
Dewey