11/25/16 was UP +0.47 AND THE model projects that the component of Friday's kill will be up between +0.10 and +0.45. The ZZZs are noiw trading premium to the component by +3.33. Traders seem to have now decided that packers are going to be sweetening their bid prices to bring in the hogs. They really purchased a lot of hogs on Friday- over 716,000 head. I don't ever remember seeing a purchase that large in one-day. Of course the explanation is that the holiday messed things up.

Still short the ZZZs but not very.

Best wishes,

dhm