I’m currently short both lean hogs and live cattle.
On the hog front prices have pushed higher and there is talk that there might have been some strong export business that lead to the recent run up. The same thing that happened last year before we got a sell off. Hogs have been bearish this year and hopefully we can push another leg lower.
With cattle, I’ve been looking to short over the last few months with little success. Now that the buy up ahead of the BBQ season is hopefully nearing completion, we might also get a move to the downside.