I haven’t looked at hogs because I do not have hog producers but this hit one of the olive colored line buy levels in Oct Hogs. Use appropriate stop loss orders so you stay fresh but this is a buy level decent time frame. Let’s watch this. Producers- This is not a place to hedge hogs
OLS 71.449 in chart, then OLB olive buy today 64.189, thin OLB
This happened since I moved here at Walsh in Feeders if my memory serves correctly.
AUG HOGS- different but my rule is the samee about why we trade extreme’s, here we see we have an orange line support 1st time down so this is stronger than Oct and how spreaders in hogs get crushed although here it is not too extreme.
So Oct hogs have done what I call the olive cha-cha. Hit sell then buy with a lot of meat in between.
buy level colors- orange, thin olive, thick.