four more long K/M spreads from today's load to get ferried across the pond! Most likely some will carry over to next week.
The number of hogs scheduled today is 4.11% LESS than the same date last year. This is the fourth consecutive day to the scheduled number to be weak. I suppose it is possible that producers have been so aggressive in selling hogs that it has reduced their supply of market-ready hogs. If that turns out to be the case, KKKs may gain a little on the MMMs if packers need to round up a few hogs to meet the Memorial Day trade.
Best wishes,
dhm