Hello Rich, I thought I better catch you up on me!
I did not quit trading! I made a good trade early this week (about 60K on Dec hogs). Yesterday & today I bought a total of 30 Dec hogs and am holding them. The cutouts closed today at 90.00, about 2 weeks ago they were about 53.00 if my memory serves me right! My wife ordered her groceries earlier this week, I just happened to be at home when she was ordering and I mentioned she might ought to order some extra pork as there was going to be a shortage of meat soon so she ordered some pork chops and a spiral ham just to have extra. Today when she went to get her groceries she called me to say they didn't have any ham or pork chops!
Rich, I also made a decent trade today on some cattle, I normally don't trade cattle but the hogs are very difficult right now!
You mentioned in one of your posts to me, that I was in trucking business - I am in the property & casualty insurance agency where I have a lot of commercial trucks insured. I have been in the trucking business before and have gone broke twice running trucks! Fortunately, the insurance business has always been good to me! The loan I mentioned the other day is what is referred to as the PPP loan. In my mind I think of it as corporate welfare as I have never gotten anything free in my life!! Two of my sons that work for me convinced me to call my banker and make application! I have 18 people that work for me and the way the loan is supposed to work is you take your monthly payroll times 2 and 1/2 which in my case was 250000.00 and that is the loan! It was a very simple application with no strings attached! The payback is no more than 15%!! This was done by e-mail and my banker called me this week and said I had been approved and the money would be deposited into my account!!
I still don't have any idea on DH but I am afraid it might not be good.