Hogs did not get as strong today as I was hoping, so I still have all my long June. They will probably be weak again in the morning and if they are I will be looking to buy more June at 75.65 or better!
Pork exports in January were reported at 39% up compared to Jan 2019. Trade was higher to Mexico, sharply higher to China! Feb exports may have slowed due to the virus in China but they should explode higher this month because of no tariff and very weak dollar compared to rest of world ! (this is just my opinion). A lot of traders are broke & disgusted with the meats at this time.
If you are Long, you are not Wrong I Believe!