Good morning to all, Has anybody heard or know what happened to DH??
I just received this from my broker. I am not smart enough to do options however he has some rec for anyone interested
The USDA will issue a new meat supply/demand table today at 11:00. Cash hogs are flat to lower. Prices, cash hog prices, for this time of year are dismal. I have to believe that sow liquidation is going to be impressive on the upcoming quarterly hog & pig report. Futures are lower. Recommend buying Dec hog calls or stepping into a bullish three-way risk reversal using Dec options.
Hams are expected to be steady with boneless hams supported better than bone-in product. Bellies look steady with trimmings turning soft. Loins are still weak with the other retail cuts showing some traction. Product is cheap