11/30/16 was up 0.59 to 49.09. That closes the "Gap" to 1.66 with the ZZZs being premium to the component. That index has been up for six straight days and looking at the way packers have been purchasing hogs with higher Purchasing Index numbers, the probability is fairly strong that we will some strength in the Index for at least two more days.

The six-day moving average carcass weight moved up to 211.99# this morning and it was the packer hogs that were heavier. They are now heavier than the non-packer hogs by 3.96#. Index hogs are lighter at 210.79# and that was up a little.

Have done a little scalping today and have a couple of longs left.

Best wishes,

dhm