morning I probed the QQQs from the long side at 122.15 and have order working to buy at limit down if it gets there.

The swine scheduled for delivery report shows that packers have 186K fewer hogs scheduled today than on this date last year.
That's a decline of 8.33%. That's outside of the expected range from the last H&P report. If that represents where the hogs supplies are, packers are going to be fighting to see who gets to kill the hogs.

If it indicates that producers are balking at selling hogs to packer at there lower bids, then there will be a boat-load of heavy hogs rushing to market in the very near future and packer will have a hay-day.

My guess is that hogs are in short supply but my conviction is very soft!

Best wishes,

dhm