- The hog market in general has taken a beating of late, with strong selling coming from both noncommercial (fund) and commercial (fundamental) traders.
- This has the cash live cattle vs. lean hog index spread in position to test its high from March 2015.
- If the lean hog market is going to turn around, the buying needs to begin on the commercial side of the market.
In the 2005 film The Dark Knight, there is a great scene where a semi-truck goes rumbling by a police squad in the underground streets of Gotham City (aka Chicago). The truck seems to be the property of a carnival on the move, with pictures of tents and rides accompanying the tagline “Laughter is the Best Medicine”. However, the Joker (one of the best cinematic villains of all time) has edited the slogan with a blood-red “S”, making it “SLaugher is the Best Medicine”. Up until that moment, how many of us made the connection to how simple it was to turn “Laughter” into “Slaughter”?
