Hello Hog Traders
Hog markets have opened weaker at the front of the curve. We were hoping to re-short Z on a rally but the Dec trades just below 64 and don’t like the risk/reward here. Instead we are going to buy G vs J spreads on this break, below 7.00 like we mentioned doing in the letter yesterday. We were just filled at -7.00 under, it is 6.95 as I press send on this. Consider it filled for the newsletter purpose, you can jump in here or try to wait for 7. Ill leave it in your hands. We will look to sell Z into profitable rallies this spread provides.
BUY 1 UNIT OF FEB HOGS
SELL 1 UNIT OF APRIL HOGS
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