More good stuff.
I haven't traded meats in 2 decades but is the top in?
Seasonal chart would say no. Plus....China hog prices are up 50% so far this year based on their issues with ASF. So I would say the top is not in. If we come to a trade agreement with China, there are projections of prices in the $130 range.
..... anytime futures go 10-12 cents over cash in Lean Hogs (meats in general) .....you just have to sell it if you are a producer....PERIOD....
---- Not Calling Tops Here Or Anythings .... (*just explaining what drove the selling at recent, nearby tops*)....