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June Weekly Hogs
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Kooiker
Posted 9/2/2018 20:13 (#6965853 - in reply to #6965510)
Subject: RE: June Weekly Hogs



Well, were about do for a little bit of a seasonal rally so there is that.


Outside of that, the only other thing to get excited about is if the China/Russia problems continue to escalate because we have waaay too dang many hogs here and there is still lots of new buildings going up.


Also, the CME is about worthless for hedging anymore so I'm not sure if I should even care what the board does. 

In case anybody missed it the August 2018 contract expired $12 above the cash bids on the same day.   Nearly $5000/contract of negative basis.

That should be criminal as its nothing more than theft in broad daylight.    


Without "delivery" there is absolutely nothing that says we couldn't have June go off the board at $85 and have $60 cash hogs on the same day.    Absolutely nothing to keep it from happening.






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