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Northwest Iowa | Lots of good responses here. I am on with J that it was a one off deal and of minimal consequence for now. watch in the next 2 weeks for an intermediate top in the hogs as they follow their seasonal break around Valentines day. There was definitely, without question, NO key reversal in the hogs. Definitely! For those that use fundamentals(supply and demand) numbers, the hogs are a great example of the flaws when using strictly S&D. Huge, record slaughter numbers day after day since last fall. Hogs went up anyway. When a market does not react as it should to news, there is something underlying that is more important. I had thought when looking at a the June chart, that contract has a chance at 90 and maybe even 94. Take care guys! | |
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What Happened to Hogs?
