MURICO.com Forum

Hogs by Dennis Smith

Lean hog futures opened sharply lower and have traded limit down in the action ahead of the pit opening bell. The market is reacting to the sharp drop in the pork cutout value as reported by the USDA Tuesday afternoon.
The cutout was down $4.48 at $88.98. Cash was steady to higher, however. It's my opinion hogs are way overdone at limit losses today. Look for a recovery by the end of the day. Open interest was down hard in hogs yesterday indicating "get me out" type selling or long liquidation.

Thanks for your info DH! I picked up some april this morning at L/D
Dewey

Messages In This Thread

The final Purchase Index for - - -
Hogs by Dennis Smith
It is now apparent, Dewey, that - - -
Re: Dewey, this is turning into a fun day