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Most impressive market out there
And the farmers are more infatuated by corn and beans to see it. Hogs put in an impressive measuring gap today and no one cares. Right now the measuring gap points to 115 hogs with the upper median line at 125. You all are fighting yesterday’s battles without looking forward.
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Re: Most impressive market out there
So few in agriculture actually own a hog to sell.......... worse than commenting on the chicken trade....... well at least similar. Soon that will be true for the grains as well.
Marketing by definition is the process of selling production. these days all the little porkers are owned by the packers from semon to bacon. Paper trade is nearly fully internet farm game material
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Re: Most impressive market out there
but your right these markets have some hints of flying
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Re: Most impressive market out there
Pick your poison were it’s heading
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Re: Most impressive market out there
I drew both forks with different anchors to show the different targets. If it anchors off the chart low the gap up is a breakaway gap pointing to 120. It also means the ML has already been cleared. If the true anchor is the closest low we see a clearly defined ML that developed. Pick your poison. Both are bullish. The big market runs in a 3.5 year cycle and I believe this cycle run should last at least 4 years from low to low. If you split it in half the bull run in hogs could last into April,May of 2022. It is all based on the low I called last March/April as a commodity wide low. Very exciting to be a hog farmer now. The problem is meal usage should plummet with pprs in the US and ASF in China. More cycle analysis to tie into going out to 2022, but that is fir a later time.
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Re: Most impressive market out there
The hog deal could be compared to Mega - Mart , same store sales - S S S G reporting - - -
Cut out margins would be an interesting figure , with hogs running behind cattle by $300 + / head - - -
Retail sales on the consumer front for Febr., being the mega business GO$$IP story this morning , with Mother Nature Impacts real-iKKY from the Lone Star State - - -
Fuel consumption , shoe drop , revised number - next maybe - ?
Does , Can't Fool Mother Nature , still apply - ?
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Re: Most impressive market out there
Yes it does...... can't fool Mother Nature into reading the scammy media "climate change" nonsense.