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Hogs

Today, has been a rough one for me. I had to post 2 Special Email Alerts which is exceptionally rare for me to do. Both Alerts had to do the lean hog futures. One was bummer, a loser and the other remains in play. Here are the two Alerts I posted earlier in the trading session. Note the time sent.

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SPECIAL EMAIL ALERT!

As a new trading suggestion: buy (1) February lean hog at the market. The last is $73.67 up 32 points for the day. The range thus far is $74.05 to $72.65. Once filled, I suggest using a stop of $72.50, intra-day.

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SPECIAL EMAIL ALERT!

I suggested earlier today to buy February hogs with a stop of $72.50. I was stopped out a bit ago with February lean hogs now showing a last of $72.67 but the December hog contract is only down 25 points and close to posting a buy signal if it touches unchanged.

I now suggest this as a new trade and in light of December hogs nearly flashing a buy signal and also realizing I was just stopped out of long February hogs. As a new trading suggestion: buy (1) June lean hog that is now lower by 115 points at $88.97 and sell a December cattle ( yes, Dec.cattle!) that is 22 higher at $116.30. No stop for now.

The suggestion above is high risk and high in margin. But I wish to be short cattle and long hogs. My work shows hogs within a day or two of posting a major low. If hogs close higher today, the low may have just been posted

I just read this post by Jerry Welch and found it interesting! I bought 10 more June hogs today, I am getting a boat load, ready for a move up!!

Dewey

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