4-29-15 was UP a W H O O P I N G +$1.72 ! ! ! Packers were really wanting hogs yesterday. Perhaps the Memorial Day price surge has begun and retailers are gearing up for a hefty grill-out! This has closed the K/M spread by 0.85 and Ka! Ching!! I have banked another K/M spread. I still have a bunch to get off my boat in the next 11 trading days.
This morning it did not seem like overlaying the K/M spreads with a few short MMMs was the right thing to do so they are now gone and they put a dent in the K/M spread gains.
Packers were able to purchase 98.5% of the moving average daily purchases yesterday with their higher bid prices. That's an adequate purchase.
Best wishes,
dhm