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Re: The afternoon Purchase Index for - - -

Good morning DH, and thanks so much for all your information!

DH, I hope our feelings!! are correct as they seem to be contrary to others thinking. Yesterday I bought several more and may be completely wrong but China needs a lot of pork and Trump needs a lot of new voters and pork will help both of their needs!! Below is part of what I received from my broker this morning and as you see "my thoughts and his are different"! that could be dangerous!

LEAN HOGS:
Cash is expected to remain under pressure again today and likely will be lower for the rest of the week. Some hogs were backed up last week due to the hurricane. China is rolling back some tariffs in an effort of good faith ahead of a new round of trade talks scheduled for early next month. Guess what, pork, beef, corn and soybeans were not part of the good faith measure. Yesterday’s impressive rally occurred on volume of 120,500 with open interest down 3,000. The Oct contract lost 8,300 with a build in all other contracts. Traders are definitely getting twisted up in these wild moves. In my opinion this represents another hedge opportunity

Dewey

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The afternoon Purchase Index for - - -
Re: The afternoon Purchase Index for - - -