Cash hog prices remain slippery. Lean hog futures are starting to break down again after staging a nice upside correction. We want to get short and we're going to have to chase a bit. Numbers are not going to be tight and I'm hearing butcher hog supplies will be even more plentiful after the holiday. We're working on a host of bearish strategies and we'll be calling clients today during the session, executing.
Dennis doesn't have a lot to say today & I can understand why. These hog trades make one look silly quite regularly, still have a large short position!
Dewey