3/30/15 was down -$0.07 and my model projects that the CME Lean Hog Index component on the 3.30.15 kill will slip between -0.15 and -0.45. It appears that the rate of decline in the index has slowed perhaps this is suggesting that it is near a bottom. With the kill rate being firm and cutouts being a bit weak, we may see a fairly long bottom before the strong spring advance begins. On the other hand, a strong advance may be just around the corner.

Just sold a pair of MMMs at 76.25. I'm not looking for a lot out of the trade - just a little pocket change.

Best wishes,

dhm