The key to success with any strategy is to determine a plan that is based on a tangible goal or objective — such as protecting a minimum level of profitability — which makes sense for your operation.
At some point the good news is going to run its course. At this time all worries will have been set aside and everyone will be bullish. This is when tops in the market are formed.
Current futures prices for hogs and corn indicate 2018 hog profitability will exceed that of 2017.