7/22/19 was up 1.00 and the model projects the component on yesterday's kill will soar between +0.55 and +0.85. Yesterday afternoon packers thought they has a substantial purchase of hogs made and a modest price increase increase but when they final report came out this morning, they had opened they wallets very wide and still did not end up with as many hogs as they anticipated in the afternoon reports.

Packers purchased 111029 % of the daily moving average of total purchases and 101.1% on the index hogs.

The QQQs settled premium to the component by 9.43. The model calculates that the component will need to gain an average of 0.54/day to close that "Gap". Since this up-trend began four-days ago the component has gained an average of +0.82 per day. Hold on, fella's, we may be about to post an new seasonality high before the QQQs go to cash settlement. It is becoming quite obvious that I did not get long with enough of the QQQ pigs.

Best wishes,

Doc