a successful downside trade, Dewey.

I have been wanting to see the ZZZs get back up to the 97 level to get short. I think I have been left on the dock as the boat pulled away! Sometimes that is better than getting a boat that hits an iceberg.

On 10/7/14 when the ZZZs topped out at 97.30, the CME Index was at 110.46. If we get an ITZ twenty-pointer off that, we are at 90.46 and right now we are at 90.425. Maybe the traders have it just about right this morning - - -

But - - -

Traders won't leave well enough alone.

We are going to see plenty of up/down stuff between now and the ZZZs going to cash settlement. As a matter of fact we are seeing it this morning and that is normal for the hog market.

Best wishes,

dhm