Spike, I have been trading from the long side for a long time looking for June to reach 120. but my thoughts are it may be playing out. I have been noticing the large amount of corn China is buying and their reduction of pork imports, makes me think - Maybe their hog herd is bigger than I thought! The safe thing to do would be to wait for the July 4th demand push to play out then go short, that was my original plan.

Thanks so much for your thoughts & comments!

Dewey