learning stage of spread trading, I guess we are in it together. It doesn't look like I am going to be doing any scaling in and out of the cattle/hog spread today. Cattle are taking a real thumping today being limit down across the board.

I made a trip to the bank on two of the Feb Cattle/Hog spreads I carried over-night. I went too soon but I still have one working. There may be a more money market money long cattle. If this spooks them and they head for the woods, I suppose it is possible that cattle could dip a little more this week. I think I will hang with one short Feb cattle/hog spread just in case.

Best wishes,

dhm