at the moment with such low prices and a downtrend on the weekly chart that puts all SINK HOLE to shame. This is what happens when the market gets carried away by emotional rumors that caused the explosive LAUNCH in 2014. Now we get the flip side of the coin with the market over extending the downside in a similar gut wrenching fashion, paying no respect to support areas. Emotion once again has control with the thought that expansion is running out of control. Expansion YES, out of control NO. The increase in hog numbers is not what's killing this market, it's the demand issues that are the weight around the hog market problems. The numbers as they are, make it an easy sell for brokers to bring in a paycheck.

All trends end and 9 months is the record holder for a hog market sell offs without a 50% retracement rally to fulfill the BALANCE ADDICTION. There's a weekly chart gap @ 86.60 that will be filled before the year is over and mid April is the seasonal timeframe for a hog market retracement rally which usually a minimum of 15-20 dollar rally off of the downtrend low that comes in during the March-April low. Seasonal demand will show up to keep June hogs in the 75-80 dollar trading range but they may have to fall to 72 first. I did get my short June cattle @ 147.50 target on Monday and I was waiting for my long June leg target @ 74.00 which gave me a nice workable cattle/hog spread of 73.50. Now to see if I can ride it long enough to get a typical $20 profit on the spread. The painting is done, now to watch the paint dry.