quite a bit, Dewey, and when the last H&P report came out, I was so focused on the seasonal hog pattern that I had the "Hog Cycle" neatly tucked away in the back of my mind. The H&P report clearly told us that producers were expanding.

And then it finally dawned on me, PRODUCERS ARE IN THE EXPANSION PHASE OF THE HOG CYCLE.

The crest of the cycle is going to be a ways down the road in my opinion.

I have short GGGs, JJJs, KKKs, MMMs and NNNs piled on top of my spread trades. If the Big Dogs throw us another Limit Up move I will be hurting.

Best wishes,

dhm