Processors are slowly adding to the kill, they are not likely to let M get away. Add a unit to M vs N.
The cutout has likely made a seasonal high. Market action this week will be factored by that along with increased slaughter.Remain bull spread
Hogs are bottoming due to artifical supply shortages caused by plant shutdowns. Hog futures should up front but rallies will be short lived
We think packer closings are baked in the cake. Cover remaining M-G spreads.
June hogs are being taken to the wood shed, we are going to lighten up by buying the June-Oct spreads back
Continued virus concerns is shuttering the packing industry. Hog markets face monumental concerns, prices trading at 20 year lows reflect
Markets are nearly limit up as shorts cover, we think its a fade.
Exit April-Oct as it surges
Its a big option expiration day in the markets, today will likely see record volume across everything. Grains and beans are on the move
Its been a good day so far for bull spreads. We are going to venture into cattle