11/21/16 was down -$0.43 and the model projects that the compnent on yesterday'skill will drop between -0.05 and -0.35. Yesterday it dropped -0.32 andtat resulted in the ZZZs settleing premium to the componen by 2.17. Considering the deep discount that te ZZZZs carried for so long, it seems a little strange to be dealing with a premium now bt that is the way the hog market works. Plenty of strange surprises.
Packers only purchased 80.1% of the moving average daily purchases with their lower bids yesterday.
Still short ZZZs and GGGs making me short margin.
Best wishes,
dhm