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Re: Good Moing, Dewey. The weakness in the - -

DH, I just received this from Dennis and as you can see we all seem to be losing!

Cash hogs are called steady for today. Last week’s kill was record large at 2.749 million. I’m hearing that this week’s kill may not surpass last week. Given the explosion in margins and resulting incentive to kill as many as possible, one can easily conclude that supplies may have peaked last week. Next week will be a shortened kill. Today’s kill is pegged at 490,000. It’s possible one of the weekly kills in December could yet surpass last week’s harvest.

Hams and bellies are expected to trade firm to higher today. Despite the record large production offers of both are tight. Hams have moved sharply higher over the last few weeks, reaching record highs for this time of year. Retail product is expected to trade fully steady in butts, firm to higher in ribs and steady in loins.

Futures were slammed early but all contracts are trading off the early session lows. We were stopped out of some long June hog positions.

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Good Moing, Dewey. The weakness in the - - -
Re: Good Moing, Dewey. The weakness in the - -
Re: Good Moing, Dewey. The weakness in the - -
Re: Good Moing, Dewey. The weakness in the - -
Re: Good Moing, Dewey. The weakness in the - -
Yes, the weakness today may have been - - -