afternoon reports the model projects that the CME Index component on today's kill will shed between -1.40 and -1.70. That, coupled with today's jump in the ZZZs, will close the discount of the ZZZs to the CME INDEX component to something like 7.50.

That becomes a more realistic number for this time of the year.

Have a great weekend and we'll fight this hog war again starting Monday. I don't think we have an early morning opening on Monday but the will NOT be an over-night globex trading Monday night.

Best wishes,

dhm