4/22/16 was UP 0.49 to 68.28. The MMMs are now trading premium to the component by 10.34. That's big.

The six-day moving average carcass weight firmed to 219.42 with packer hogs being a little lighter and non-packer hogs heavier. Packer hogs are 3.32# heavier than than non-packer hogs and Index hogs are lightest at 212.68# which was a bit heavier.

Have loaded my boat again with K/M spreads with some going on and off the same day. If the K/M spread crashes below 8.50 like it did last year, this old puppy will have his tail tucked between his legs.

Best wishes,

dhm