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| IMO Sell. These prices will look very good by end of summer. I look for the USDA to make some astounding usage changes in JUNE in a number of categories. China hog guys losing 60 bucks /hd. They will be slow buyers next year. Way too many making the same mistakes as last year (staying undersold as the seasonals tick by). Lots of old crop around the end of summer weather willing will be a train wreck for undersold farmers. For those of you who are pounding your chests on this rally and thinking demand is not dead . I saw a similar event in 2007 in the pigs. China showed up and farmers were way under sold after several yrs of good profits in august of that year. Board rallied and everyone patted themselves on the back thinking demand was not dead. It wasn't, they were right. What they were wrong on was that supply was growing and very much alive.
Edited by hedgefund farmer 4/19/2014 15:45
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dont look a gift horse in the mouth
