6/5/15 was down -$0.28 and the model projects that CME Lean Hog Index on the 6-5-15 kill will drop between -0.15 and -0.45. With only five trading days until the MMMs die and them trading discount to the index by 0.54, it is difficult for me to get either a bullish or a bearish sentiment. I carried three long MMMs over the weekend. I tried to get them off my boat this morning on the rally but did a fat-finger-fumble and only got one off.
It's possible that the market will re-consider and take them off a bit later today.
Best wishes,
dhm