FEB HOGS: They continue to suggest a bottom as I have been suggesting for some time. Today was their best effort to rally and close over their 20 avg. on their daily chart. This could be the start of a second wave up since the Dec. 2 low. The earlier correction that bottomed on Monday suggests a test of that Dec. 2 low that is holding and, so far, suggesting a potential 1,2,3 bottom formation. I would like to buy but their reputation for volatility makes that difficult.

As you can tell from my postings, I don't have any suggestions!! I am so far long, it is ridiculous, even my broker thinks I am nuts and I have to agree. The fundamentals are not driving this market, it is the tweets!! I believe we are getting close to Show & Tell! The funds are selling but the commercials are holding I believe. The pig report will be out in 7 trading days and it will not be friendly I am thinking. 7 days can feel like a very long time in the commodity market!!!!!

Dewey