Insights for protecting commodity profits

December Hogs broke out to the downside of a “wedging pattern”.

If this market does not rebound immediately, it has likely begun a larger seasonal slide.

December Hogs now sport a significant low near 48 cents. With the Quarterly Hogs & Pigs report out of the way (very neutral) the market should now have the opportunity to rally one more time (likely up into the 51-54 area) before more seasonal influences start to weigh in on price structure. The lows near [...]

Dec Hogs appear to be working on some kind of near term bottom. This is typical of upward seasonal price tendencies into the mid September time frame. The market will have to contend with the bigger supplies that are likely coming in Sept. Weights are continuing to run at higher than normal levels with the cool weather being the [...]