Back to back weeks of massive slaughters should put pressure on bellies and Dec futures. We want to sell.
The Swine Times
Dynamics will likely change early next week with a frost in icy US-China relations scored Friday. Is this really over? Or just intermission
The Chinese visit to Washington will dominate the trade toward the end of the week. Look to cover bear spread action in Dec,early this week
Hog futures are rallying with Japanese and Chinese trade in mind. Futures need continued positive given record (growing) US supply seen Friday
Hogs saw support all week from another ASF case, but could not hold up as specs liquidate after another trade setback.
Hog futures rallied substantially last week, cash did not.We look for a near term high to be made this week in V and Z if bullish news slows
Without bullish Chinese trade info, we think hogs will have a difficulty rallying given we expect cutout weakness in the near future.
Trade talks with China, NAFTA replacement, and production data determine how to trade April and June 2019 Hogs this week. Read full details from the Swine Times.
See recommendations and market analysis for the Pork futures markets in the Swine Times for the week of May 28th through June 1st, 2018.
See recommendations and market analysis for the Pork and Lean Hogs futures markets in the Swine Times for the week of May 14th through 18th, 2018.