5/21/15 was up +$0.34 and the model projects that the CME Lean Hog Index component for 5-21-15 will be up between +0.30 and +0.60. Packers are still in the mood to bring in the hogs. That's understandable with cutouts continuing to move higher.

Packers made only a fair purchase yesterday at 80.0% of the moving average daily purchases. The swine scheduled for delivery report yesterday showed that they have good numbers scheduled so I'm expecting their bids to be steady today.

I'm still in the mood to scalp the MMMs from the short side. This morning I flipped two and will sell again on a rally.

Best wishes,

dhm