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After grinding sideways into what looks to be a monster sized flag, hogs have finally broken higher today. The next target for July Hogs will be $83.  The weekly continuous hog chart has made quite a move. Continuous charts are calculated from the nearby month contract, so price there moves differently than a deferred daily contract such as July hogs does. It could be that a $20 move on the nearby will calculate out differently for the July contract if the spread between the two is narrowing. Hogs on the continuous chart have already rallied $10 from when I first wrote about hogs back on October 1.  I think there could still be some substantial upside left for anybody still interested in trading hogs.
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This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
May 2021
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